🔻 ZEC pulls back 6% from its recent highs — privacy coin shakeout or trend change?

At $784 with $198M volume, Zcash is having a busy day. But here's what catches my eye: the daily trend is still UP. RSI at 72.3 is hot but not extreme, and the SMA structure (SMA7 $763 > SMA25 $575 > SMA99 $514) is textbook bullish alignment.

📊 The Setup:
The 4H RSI at 50.9 is the real story. After the recent rally, the short-term momentum has fully reset while the daily trend remains intact. This is the classic "buy the pullback in an uptrend" setup that swing traders live for.

Volume is declining (0.58x average) on the red day — exactly what you want to see. Weak selling into support = smart money accumulating. MACD on 4H is still positive with histogram expanding, suggesting the pullback is running out of steam.

🎯 Trade Plan:
Entry: $769 - $799 (the current pullback zone)
Stop Loss: $745 (below 4H support — clear invalidation)
TP1: $816 | TP2: $847 | TP3: $878

R:R of 0.8 isn't ideal, but the trend is your friend. Scale in if $769 holds on a 4H close.

🔐 Privacy coins have been waking up lately. Is ZEC the leader of this rotation or just a one-off pump? Thoughts?

#ZEC #PrivacyCoins #DYOR

⚠️ Disclaimer: Personal market analysis, not investment advice. Crypto trading carries significant risk — always DYOR.