ZEC pulling back 6.5% after a monster run. Healthy correction or trend reversal? Let's break it down. đ
Privacy coins have been on fire, and Zcash at $780 is still 36% above its daily 25-SMA ($575). The 4H chart shows RSI at exactly 50.0 â the most neutral reading possible. This is a coin taking a breath, not dying.
đ Why This Is Interesting:
Daily RSI at 72 with MACD at +80 = still strongly bullish on the higher timeframe. The pullback is on increasing volume (1.44x), which could mean profit-taking or fresh accumulation. The long/short ratio at 0.55 is heavily skewed to shorts â a classic contrarian bullish signal if shorts get squeezed.
Price is testing the zone between 4H 7-SMA ($813) and 25-SMA ($820) from below. A reclaim of $813 would be a strong buy signal.
đ The Plan:
Entry: $763 â $797 (buy the dip zone)
Stop Loss: $735 (below daily structure)
TP1: $811 â TP2: $842 â TP3: $874
đ Think privacy coins have more upside? Tell me below đ
#ZEC #Privacy #DYOR
â ïž Not financial advice. DYOR. Privacy coins can be volatile â size positions accordingly.
Privacy coins have been on fire, and Zcash at $780 is still 36% above its daily 25-SMA ($575). The 4H chart shows RSI at exactly 50.0 â the most neutral reading possible. This is a coin taking a breath, not dying.
đ Why This Is Interesting:
Daily RSI at 72 with MACD at +80 = still strongly bullish on the higher timeframe. The pullback is on increasing volume (1.44x), which could mean profit-taking or fresh accumulation. The long/short ratio at 0.55 is heavily skewed to shorts â a classic contrarian bullish signal if shorts get squeezed.
Price is testing the zone between 4H 7-SMA ($813) and 25-SMA ($820) from below. A reclaim of $813 would be a strong buy signal.
đ The Plan:
Entry: $763 â $797 (buy the dip zone)
Stop Loss: $735 (below daily structure)
TP1: $811 â TP2: $842 â TP3: $874
đ Think privacy coins have more upside? Tell me below đ
#ZEC #Privacy #DYOR
â ïž Not financial advice. DYOR. Privacy coins can be volatile â size positions accordingly.