【Zuozuo’s Trade View】🔺ZEC has held the 1,120 zone three times—is this time the bears getting caught in a reversal?
The ZEC short I placed this morning was canceled without being filled. The reversal signal noted in my review was “a high-volume move back above 1,150.” It’s happened: the 1,120–1,127 zone has been tested four times without breaking, with 23.9 million U in trading volume between 17:00 and 18:00. After reclaiming 1,150, the price broke above the 1,167 rebound high and reached a peak of 1,182. Current price: 1,180, down 5.6% over 24 hours (Binance spot).
Direction: Long
Entry: 1,162–1,168 (wait for a pullback to the breakout level; don’t chase)
Stop-loss: 1,144 (below the 18:00 low of 1,145)
TP1: 1,191 (02:00 rebound high)
TP2: 1,232 (the point where the overnight sell-off began)
Reason: The price has repeatedly tested the bottom zone without breaking through, then reversed on high volume and reclaimed 1,150. The bearish thesis from this morning is no longer valid.
Invalidation: 1H candle closes back below 1,150.
This is only my personal opinion. Please manage your position size and risk accordingly.
Bearish this morning, bullish tonight—how high do you think this ZEC rebound can go?
#ZEC #左左观点单 #加密货币 #币安广场
$ZEC
The ZEC short I placed this morning was canceled without being filled. The reversal signal noted in my review was “a high-volume move back above 1,150.” It’s happened: the 1,120–1,127 zone has been tested four times without breaking, with 23.9 million U in trading volume between 17:00 and 18:00. After reclaiming 1,150, the price broke above the 1,167 rebound high and reached a peak of 1,182. Current price: 1,180, down 5.6% over 24 hours (Binance spot).
Direction: Long
Entry: 1,162–1,168 (wait for a pullback to the breakout level; don’t chase)
Stop-loss: 1,144 (below the 18:00 low of 1,145)
TP1: 1,191 (02:00 rebound high)
TP2: 1,232 (the point where the overnight sell-off began)
Reason: The price has repeatedly tested the bottom zone without breaking through, then reversed on high volume and reclaimed 1,150. The bearish thesis from this morning is no longer valid.
Invalidation: 1H candle closes back below 1,150.
This is only my personal opinion. Please manage your position size and risk accordingly.
Bearish this morning, bullish tonight—how high do you think this ZEC rebound can go?
#ZEC #左左观点单 #加密货币 #币安广场
$ZEC
