After the volatility emerged, I only trust solid evidence. The daily chart structure for $ZEC is clear: the price is holding above the medium-term moving average, and the broader trend remains intact. The pullback looks more like an opportunity to find an entry than a trend reversal. In terms of volume, it has contracted during the pullback, while rebounds have found support. In this setup, chasing shorts would put you at a disadvantage.
I’m inclined to build long positions in stages within the pullback zone, keeping risk below the structural low and looking for room to extend beyond the previous high. The price is indeed quite far from the moving averages, so some short-term consolidation is likely. That makes position sizing and timing more important than direction.
🟢 Trade direction: Long
📍 Entry range: 1314.71 – 1324.01
🛑 Stop loss: 1218.68
🎯 Take profit 1: 1394.87
🎯 Take profit 2: 1445.21
🎯 Take profit 3: 1520.70
Take in the vastness of the mountains and seas; observe the market’s finer details.
Join Uncle Xiong on the journey, and witness the gains and losses of the world.
#ZEC
Click below to trade 👇
I’m inclined to build long positions in stages within the pullback zone, keeping risk below the structural low and looking for room to extend beyond the previous high. The price is indeed quite far from the moving averages, so some short-term consolidation is likely. That makes position sizing and timing more important than direction.
🟢 Trade direction: Long
📍 Entry range: 1314.71 – 1324.01
🛑 Stop loss: 1218.68
🎯 Take profit 1: 1394.87
🎯 Take profit 2: 1445.21
🎯 Take profit 3: 1520.70
Take in the vastness of the mountains and seas; observe the market’s finer details.
Join Uncle Xiong on the journey, and witness the gains and losses of the world.
#ZEC
Click below to trade 👇