The Long & Short of ZEC: Big Picture vs. Quick Gains!
Okay, Zcash traders, let's break down the ZEC/USDT chart from both sides.
Short-Term (Day Trading): We’ve just seen a massive 12.28% jump to $673.75. The momentum is wild, but with the RSI way up in overbought territory (77.46), a quick correction is highly likely. Watch for a dip back to the $650 area for a safer entry, or a push to $700 before profit-taking kicks in. This is a game of quick scalps!
Long-Term (HODL): Forget the daily noise. Look at the big picture! ZEC is setting higher lows, and the Moving Averages are finally stacked bullishly. This breakout, if sustained above $600, confirms a shift in trend. The next real target is the previous peak at $743, but the long-term potential goes much higher. ZEC is a privacy coin, and that narrative is poised to explode. Accumulate on dips!
Your move: Are you riding the short-term waves or packing your bags for the long haul?
#ZECAnalysis #CryptoTrading #LongTermHold #ShortTermGains #Zcash