$ZEC is moving fast, but the next level matters more than the green candle. 🔥
ZEC is around $1,344 on the 4H chart, up 18.52%, with price recently hitting $1,385.65. Volume is also strong at around $189M, showing that this move has real participation behind it.
Price is trading well above MA7 $1,196, MA25 $1,145, and MA99 $1,074, keeping the 4H structure strongly bullish. But after such a sharp move, chasing here carries higher risk.
📌 $ZEC
4H LONG SETUP
Entry: $1,300–$1,340
TP1: $1,385
TP2: $1,450
TP3: $1,520
SL: $1,250
The key resistance is $1,385–$1,400. A strong 4H close above this zone with sustained volume would strengthen the continuation setup. If price gets rejected, $1,257 becomes the first important support to watch.
My take: I prefer waiting for a controlled retest instead of chasing the current spike. The trend is bullish, but risk management matters more after an 18% move.
What do you think?
#ZcashRises6% #FedRateWatch #XRPSinks10% $ZEC #CircleOpensArcMainnet
ZEC is around $1,344 on the 4H chart, up 18.52%, with price recently hitting $1,385.65. Volume is also strong at around $189M, showing that this move has real participation behind it.
Price is trading well above MA7 $1,196, MA25 $1,145, and MA99 $1,074, keeping the 4H structure strongly bullish. But after such a sharp move, chasing here carries higher risk.
📌 $ZEC
4H LONG SETUP
Entry: $1,300–$1,340
TP1: $1,385
TP2: $1,450
TP3: $1,520
SL: $1,250
The key resistance is $1,385–$1,400. A strong 4H close above this zone with sustained volume would strengthen the continuation setup. If price gets rejected, $1,257 becomes the first important support to watch.
My take: I prefer waiting for a controlled retest instead of chasing the current spike. The trend is bullish, but risk management matters more after an 18% move.
What do you think?
#ZcashRises6% #FedRateWatch #XRPSinks10% $ZEC #CircleOpensArcMainnet
ZEC breaks $1,400
ZEC gets rejected
5 hr(s) left