🔥 $ZEC : after the dump, we’re waiting for a return to the high-volume zone of 1296–1350 for a short
📉 $ZEC dumped around 25% from its high near 1490 and bounced off demand at 1100–1150 to 1220. So far, the bounce looks like a correction within a downtrend.
🎯 Short entry: the 1296–1350 zone. This is a high-volume level: significant volume was accumulated here, and the price has already met selling pressure. Strong resistance is nearby at 1355–1370.
🛑 Stop: 1370, above the zone. A sustained move above this level invalidates the setup.
💰 Target: 1153, below the 1100–1150 demand block. The risk-to-reward ratio is approximately 1:2 to 1:10, depending on where in the zone you enter.
📊 On the 4-hour chart, the Stochastic and RSI are not oversold, so there’s room for the price to fall. The daily chart is oversold, so the price may react near the target—consider taking partial profits in advance. The macro backdrop (the Fed, ETF flows) could trigger a move in either direction, so keep your position size moderate.
🤔 Will the price reach the 1296–1350 high-volume zone, or reverse earlier?
❗️Be alert and cautious. Always manage your risk.
$ZEC
📉 $ZEC dumped around 25% from its high near 1490 and bounced off demand at 1100–1150 to 1220. So far, the bounce looks like a correction within a downtrend.
🎯 Short entry: the 1296–1350 zone. This is a high-volume level: significant volume was accumulated here, and the price has already met selling pressure. Strong resistance is nearby at 1355–1370.
🛑 Stop: 1370, above the zone. A sustained move above this level invalidates the setup.
💰 Target: 1153, below the 1100–1150 demand block. The risk-to-reward ratio is approximately 1:2 to 1:10, depending on where in the zone you enter.
📊 On the 4-hour chart, the Stochastic and RSI are not oversold, so there’s room for the price to fall. The daily chart is oversold, so the price may react near the target—consider taking partial profits in advance. The macro backdrop (the Fed, ETF flows) could trigger a move in either direction, so keep your position size moderate.
🤔 Will the price reach the 1296–1350 high-volume zone, or reverse earlier?
❗️Be alert and cautious. Always manage your risk.
$ZEC