Before a breakout, you always need to wait for confirmation. $ZEC ’s daily structure is right at that threshold. The price is holding above EMA50 and EMA200, and the trend structure remains intact. A pullback to the lower end of the range could instead be where the bulls step back in. The 15-minute ADX reads 42.6, showing buyers are pushing—not just driving a low-volume rally. Bitcoin is also strengthening at the same time, and with a correlation of 0.71, the tendency to follow its move is still there.
I’m not chasing the price. I’ll only look for support in the 1224–1232 range, with a stop below the previous low; if the level breaks, I’ll accept the loss. First, I’m watching the initial target at the extension of the previous high. If the price holds above it, then I’ll consider the next leg. A pullback isn’t a bad thing—it gives the structure a second confirmation.
🟢 Trade direction: Long
📍 Entry range: 1224.47 – 1233.11
🛑 Stop loss: 1124.92
🎯 Take profit 1: 1306.68
🎯 Take profit 2: 1358.62
🎯 Take profit 3: 1436.51
Behold the vastness of mountains and seas; observe the market’s finer details.
Trade alongside Uncle Xiong and witness the gains and losses of the world.
#ZEC
Click below to trade 👇
I’m not chasing the price. I’ll only look for support in the 1224–1232 range, with a stop below the previous low; if the level breaks, I’ll accept the loss. First, I’m watching the initial target at the extension of the previous high. If the price holds above it, then I’ll consider the next leg. A pullback isn’t a bad thing—it gives the structure a second confirmation.
🟢 Trade direction: Long
📍 Entry range: 1224.47 – 1233.11
🛑 Stop loss: 1124.92
🎯 Take profit 1: 1306.68
🎯 Take profit 2: 1358.62
🎯 Take profit 3: 1436.51
Behold the vastness of mountains and seas; observe the market’s finer details.
Trade alongside Uncle Xiong and witness the gains and losses of the world.
#ZEC
Click below to trade 👇