$ZEC This wave has pushed back up to around 1619 again. During the day it even touched 1639 at one point, and the low is still around 1445. The intraday fluctuations over just a few hours have been extremely wild.
After such a big surge, chasing right after the jump still needs caution. Once there’s been continuous acceleration, being above 1600 has already entered a relatively “hot” sentiment zone. Looking at the chart now, whether it can hold its ground around 1619 is critical. If it can stand above 1600 and keep moving closer toward 1639, that would suggest the bulls are still controlling the pace. But if it spikes higher and then falls back below 1600, it’s easy for a round of profit-taking to play out in the short term.
For entry points, it’s better to wait for a pullback to confirm. If the area around 1600 can hold firm, then you can look at how strong the next upside breakout is. As for exit points, focus on the 1639 area: if it surges with a clearly increased volume but the price keeps failing to break through for a long time, you should guard against a short-term pullback. If 1600 is lost, you can’t keep viewing the move through the lens of a strong breakout anymore.
The biggest characteristic of ZEC right now is that the volatility is simply too fast. The price looks very strong, but chasing at the height of a sudden rally is a completely different rhythm from waiting for a pullback and confirmation.
After such a big surge, chasing right after the jump still needs caution. Once there’s been continuous acceleration, being above 1600 has already entered a relatively “hot” sentiment zone. Looking at the chart now, whether it can hold its ground around 1619 is critical. If it can stand above 1600 and keep moving closer toward 1639, that would suggest the bulls are still controlling the pace. But if it spikes higher and then falls back below 1600, it’s easy for a round of profit-taking to play out in the short term.
For entry points, it’s better to wait for a pullback to confirm. If the area around 1600 can hold firm, then you can look at how strong the next upside breakout is. As for exit points, focus on the 1639 area: if it surges with a clearly increased volume but the price keeps failing to break through for a long time, you should guard against a short-term pullback. If 1600 is lost, you can’t keep viewing the move through the lens of a strong breakout anymore.
The biggest characteristic of ZEC right now is that the volatility is simply too fast. The price looks very strong, but chasing at the height of a sudden rally is a completely different rhythm from waiting for a pullback and confirmation.