$ZEC Trade Setup: Breakout Retest in Play
$ZEC rallied +22.3% on $630M 24h volume, tagging $1,399 (+28% on 7D). 4h structure confirms dominant momentum above EMA9/21.
Plan:
• Entry: $1,320 - $1,345 (retest zone)
• Stop Loss: $1,268 (below prior 4h base)
• TP1: $1,450
• TP2: $1,520
• R:R: 2.3:1
Spot volume supports continuation, but RSI is running hot (72 on 1h). Wait for pullback rather than chasing high wicks.
Long or wait for retest?
#CryptoTrading #TechnicalAnalysis #ZEC
$ZEC rallied +22.3% on $630M 24h volume, tagging $1,399 (+28% on 7D). 4h structure confirms dominant momentum above EMA9/21.
Plan:
• Entry: $1,320 - $1,345 (retest zone)
• Stop Loss: $1,268 (below prior 4h base)
• TP1: $1,450
• TP2: $1,520
• R:R: 2.3:1
Spot volume supports continuation, but RSI is running hot (72 on 1h). Wait for pullback rather than chasing high wicks.
Long or wait for retest?
#CryptoTrading #TechnicalAnalysis #ZEC
