Everyone’s glued to the BTC rally but $ZEC is coiling at the 24.5k zone, ready to snap the 4H magnet. I was flat on the $1520 break last week and got squeezed, so I’m tightening my grip this time.
$ZEC - LONG
Entry: 1595 – 1605
SL: 1550
TP1: 1650
TP2: 1700
TP3: 1760
Why this setup?
- 4H RSI just bounced off 38, hinting bullish momentum while 1D RSI stays under 50, showing room to run.
- ATR (14) on 4H spiked 2.3%, indicating higher volatility and a potential breakout catalyst.
- Volume has been rising 45% over the last 6 bars, feeding the squeeze toward the 24.5k resistance.
- The price is respecting the 1D trendline as support; a break above it would invalidate the bearish bias.
Debate: Are you fading the $ZEC 24.5k resistance or riding the potential 27k thrust?
$ZEC
$ZEC - LONG
Entry: 1595 – 1605
SL: 1550
TP1: 1650
TP2: 1700
TP3: 1760
Why this setup?
- 4H RSI just bounced off 38, hinting bullish momentum while 1D RSI stays under 50, showing room to run.
- ATR (14) on 4H spiked 2.3%, indicating higher volatility and a potential breakout catalyst.
- Volume has been rising 45% over the last 6 bars, feeding the squeeze toward the 24.5k resistance.
- The price is respecting the 1D trendline as support; a break above it would invalidate the bearish bias.
Debate: Are you fading the $ZEC 24.5k resistance or riding the potential 27k thrust?
$ZEC