$ZEC USDT Short-Term Bullish but Overbought
Current Price: $342.03
Key Observations
Trend: Strong short-term uptrend (+10% in 24h)
MACD: 7.11 → confirms bullish momentum
RSI: 82 → extremely overbought, high risk of pullback
Bollinger Bands: Trading above upper band ($368) → trend stretched
7-day EMA: $354 → immediate support
25-day EMA: $340 → secondary support
Short-Term Trading Strategy
Long Considerations
Entry (Pullback): $354–$360 (7-day EMA support zone)
TP1: $378 (immediate high / upper resistance)
TP2: $384–$386 (extended rally if momentum resumes)
Stop-Loss: $350 (below short-term EMA)
Notes
Overbought conditions and recent net outflows suggest profit-taking is starting.
Price above upper Bollinger Band signals trend exhaustion, making short-term consolidation likely.
Market sentiment is fearful (Fear & Greed Index 22), which could amplify volatility.
Monitor volume and money flow for confirmation of reversal or continuation.
