$ZEC : Long Setup
ZEC staged a sharp V-shaped recovery and is now holding above its 9-period MA just under the 1,324 high. I'm waiting for a pullback into support instead of buying right under resistance.
Entry: 1,255 – 1,275
Stop-loss: 1,225
- TP1: 1,324
- TP2: 1,360
- TP3: 1,390
Reason: Higher lows since the 1,125 low, price holding above the rising MA, and 1,300–1,350 is the next supply zone. A 1H close above 1,330 with volume opens 1,360+. A 1H close below 1,225 invalidates the setup.
📰 News: Zcash is getting its NU7 network upgrade around November 5, cutting block times from 75 seconds to 25. The Zcash grants committee also withdrew its proposal to redirect about 98,000 ZEC to miners after community criticism. ZEC open interest jumped 25% against a 14% price gain, with positive funding. Upgrade rallies can fade once the event passes, so keep size small.
⚠️ Small size, low leverage.
Personal view, not financial advice. DYOR.
#zec #zcash #Binance #crypto #futures
ZEC staged a sharp V-shaped recovery and is now holding above its 9-period MA just under the 1,324 high. I'm waiting for a pullback into support instead of buying right under resistance.
Entry: 1,255 – 1,275
Stop-loss: 1,225
- TP1: 1,324
- TP2: 1,360
- TP3: 1,390
Reason: Higher lows since the 1,125 low, price holding above the rising MA, and 1,300–1,350 is the next supply zone. A 1H close above 1,330 with volume opens 1,360+. A 1H close below 1,225 invalidates the setup.
📰 News: Zcash is getting its NU7 network upgrade around November 5, cutting block times from 75 seconds to 25. The Zcash grants committee also withdrew its proposal to redirect about 98,000 ZEC to miners after community criticism. ZEC open interest jumped 25% against a 14% price gain, with positive funding. Upgrade rallies can fade once the event passes, so keep size small.
⚠️ Small size, low leverage.
Personal view, not financial advice. DYOR.
#zec #zcash #Binance #crypto #futures
