$ZEC Update: Heavy Pullback After Strong Momentum – Is This Dip an Opportunity or Warning Sign?
Trade Signal (Day Trade — Long Setup):
Entry 1: 495
Entry 2: 460
TP1: 520
TP2: 545
TP3: 570
SL: 420
Leverage: 20x–50x (Margin 1–5%)
Spot Buyers: Look to accumulate near $495–$480 zone. Do not chase pumps. Better to wait for price stability before entering spot long.
Why This Trade:
$ZEC retraced sharply today, down over 8% after previously hitting strong highs near $594. Despite the heavy drop, the current price at around $497 is near a technical demand zone where buyers were previously active. This could trigger a bounce if volume returns near $495–$480 range. Market sentiment is mixed but not aggressively bearish, indicating probability for a recovery toward $520–$545 if price holds above $480. However, a confirmed breakdown below $480 may strengthen bearish pressure. Short-term trend is corrective but overall momentum remains supportive if buyers step in soon. $ZEC could still offer upside if managed with proper stop-loss and position sizing. If you're not following Token Talk, you're seriously missing accurate entries and daily market direction.