Everyone's staring at $ZEC's dip to $22 and screaming short, but the 4H just printed a hammer that could flip the script. I got burned last week when I missed a hammer on $BTC, so I'm keeping my eyes on the reversal magnet here.
$ZEC - LONG
Entry: 22.10 – 22.30
SL: 21.45
TP1: 23.20
TP2: 24.10
TP3: 25.00
Why this setup?
- 4H hammer at $22.05 with long lower wick, bullish engulfing on 1H confirms demand.
- RSI 4H at 38, exiting oversold zone; 1D RSI rising from 32 to 38.
- ATR (14) on 4H = 0.48, giving tight stop room; price is coiled near the $22 psychological floor.
- Volume spike 2.3x average on the hammer, indicating buying magnet.
Debate: Are you folding the hammer and fading back to $20, or riding the bounce toward $25?
$ZEC
$ZEC - LONG
Entry: 22.10 – 22.30
SL: 21.45
TP1: 23.20
TP2: 24.10
TP3: 25.00
Why this setup?
- 4H hammer at $22.05 with long lower wick, bullish engulfing on 1H confirms demand.
- RSI 4H at 38, exiting oversold zone; 1D RSI rising from 32 to 38.
- ATR (14) on 4H = 0.48, giving tight stop room; price is coiled near the $22 psychological floor.
- Volume spike 2.3x average on the hammer, indicating buying magnet.
Debate: Are you folding the hammer and fading back to $20, or riding the bounce toward $25?
$ZEC
