$ZEC
This round of ZEC's rise has been quite strong. Therefore, instead of chasing the current high prices, I prefer to wait for a genuine pullback.
My expected buying point is between 660 and 710.
This area is also an important price range after the previous breakthrough. If the price subsequently drops from the high point and stabilizes here before resuming its upward trend, I would be more inclined to view it as a normal trend correction rather than a market reversal.
Especially if there is a rapid decline followed by a recovery, or if a higher low is formed at the 4-hour level again, these would be notable signals. Of course, if the price continues to weaken after falling below 660 and the rebound fails to return above 700, then this buying logic needs to be reassessed.
I'm not saying that ZEC will definitely return to the 660–710 range. But if this range is indeed given, I hope to see the market structure tell me that it's worth buying here.
This round of ZEC's rise has been quite strong. Therefore, instead of chasing the current high prices, I prefer to wait for a genuine pullback.
My expected buying point is between 660 and 710.
This area is also an important price range after the previous breakthrough. If the price subsequently drops from the high point and stabilizes here before resuming its upward trend, I would be more inclined to view it as a normal trend correction rather than a market reversal.
Especially if there is a rapid decline followed by a recovery, or if a higher low is formed at the 4-hour level again, these would be notable signals. Of course, if the price continues to weaken after falling below 660 and the rebound fails to return above 700, then this buying logic needs to be reassessed.
I'm not saying that ZEC will definitely return to the 660–710 range. But if this range is indeed given, I hope to see the market structure tell me that it's worth buying here.
