$ZEC โ PULLBACK SETUP (CAUTIOUS BULLISH)
ENTRY: 438 - 442 (wait for pullback)
TARGETS:
๐ฏ 446 (24h High)
๐ฏ 450
๐ฏ 455
STOP LOSS: 433
๐ NOTES:
ยท Daily momentum positive (+7%) but RSI shows overbought on shorter TFs (up to 92)
ยท MACD mixed โ bullish on some timeframes, weakening on others
ยท Price above EMAs suggests trend support, but chasing here is risky
ยท Better to wait for pullback toward EMA support (438-442) for safer entry
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๐ DETAILED ANALYSIS:
Strengths:
โ Daily uptrend intact (+7%)
โ Volume solid (725M USDT)
โ Price above key EMAs (9 & 21) in most timeframes
โ MACD histogram positive in several TFs
Concerns:
โ ๏ธ RSI extremely overbought in some TFs (85-92)
โ ๏ธ MACD shows divergence โ momentum may be weakening
โ ๏ธ Monthly trend still negative (-22%) โ larger downtrend possible
โ ๏ธ StochRSI overbought in several readings
Risk Level: Medium
Priority: Medium โ better setups exist, but ZEC can be traded on pullback
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๐ FINAL CALL:
Wait for pullback to 438-442 before considering entry.
If no pullback occurs, avoid chasing โ risk/reward poor above 444.
Use tight stop loss โ volatility remains elevated.
