🚀 $ZEC just broke past 1190, eyeing the next big hill—will it climb or stall?
Price is riding a clean 1‑day EMA crossover and RSI near 63, but funding is negative and shorts outnumber longs, a subtle warning that the upside could meet resistance.
On the daily chart the key zones are: the current pivot sits around the 1155‑1160 area; a break below the 1060‑1070 zone would nullify the bullish case; and the next objective lies in the 1330‑1350 band. If $ZEC slips below the ~1063 zone, the read is off. Tap $ZEC to pull up the chart and see these levels yourself.
My read: the market is still bullish, but the short‑heavy sentiment means a clean test of the 1330‑1350 zone is the real catalyst.
Follow for the next update when ZEC challenges that target. What zone are you watching on ZEC 👇
⚠️ Not financial advice. DYOR.
#ZEC #Zcash #Crypto #BinanceSquare
Price is riding a clean 1‑day EMA crossover and RSI near 63, but funding is negative and shorts outnumber longs, a subtle warning that the upside could meet resistance.
On the daily chart the key zones are: the current pivot sits around the 1155‑1160 area; a break below the 1060‑1070 zone would nullify the bullish case; and the next objective lies in the 1330‑1350 band. If $ZEC slips below the ~1063 zone, the read is off. Tap $ZEC to pull up the chart and see these levels yourself.
My read: the market is still bullish, but the short‑heavy sentiment means a clean test of the 1330‑1350 zone is the real catalyst.
Follow for the next update when ZEC challenges that target. What zone are you watching on ZEC 👇
⚠️ Not financial advice. DYOR.
#ZEC #Zcash #Crypto #BinanceSquare
