$ZEC is real crazy 😂
This round of gains that Wall Street lifted with real gold and silver—pushing it this far, the risks have stacked up too. Brothers who want to get on board should be sure to pick a good price.
Although the current data and trend both look good: the price has broken above all moving averages, the bulls have the upper hand, and the uptrend is still there. But the risk is also not small:
1. The rally has been too aggressive in the short term. RSI has been stuck in the overbought zone all along. Next, there aren’t many good catalysts left to realize—only a late-session play. It could pull back at any time to test for support.
2. This week is running into the period of big-market negative news. Money is mostly on standby at $BTC and $ETH , so only some inflow came into ZEC. But once the negative news is absorbed, the capital may rotate back to the mainstream coins. The “big whale” that previously bought 13,000 coins and withdrew them to lock the position is unlikely to appear again.
3. Community risk has also shifted a bit now. People are starting to say this is a narrative buy, and the fundamentals can’t really support the ranking. In other words, the community’s enthusiasm has already started cooling down.
The trend is still there, but I suggest everyone not to chase the highs above 1250. Wait for the pullback—enter when it reaches the strong support at 950 and doesn’t break. That’s when it’ll feel comfortable.
This round of gains that Wall Street lifted with real gold and silver—pushing it this far, the risks have stacked up too. Brothers who want to get on board should be sure to pick a good price.
Although the current data and trend both look good: the price has broken above all moving averages, the bulls have the upper hand, and the uptrend is still there. But the risk is also not small:
1. The rally has been too aggressive in the short term. RSI has been stuck in the overbought zone all along. Next, there aren’t many good catalysts left to realize—only a late-session play. It could pull back at any time to test for support.
2. This week is running into the period of big-market negative news. Money is mostly on standby at $BTC and $ETH , so only some inflow came into ZEC. But once the negative news is absorbed, the capital may rotate back to the mainstream coins. The “big whale” that previously bought 13,000 coins and withdrew them to lock the position is unlikely to appear again.
3. Community risk has also shifted a bit now. People are starting to say this is a narrative buy, and the fundamentals can’t really support the ranking. In other words, the community’s enthusiasm has already started cooling down.
The trend is still there, but I suggest everyone not to chase the highs above 1250. Wait for the pullback—enter when it reaches the strong support at 950 and doesn’t break. That’s when it’ll feel comfortable.
