⚡ ZEC is at a critical 4H level. Will buyers defend support or take control?
$ZEC is trading near $1,581 on your chart after pulling back sharply from $1,698. The latest red candle came with elevated volume, showing strong selling pressure. Price is below MA(7) at $1,621.40 but remains above MA(25) at $1,561.02. This makes the next move important.
🟢 LONG SETUP Entry: $1,620–$1,640 after breakout confirmation
TP1: $1,660
TP2: $1,698
TP3: $1,740
SL: $1,585
$ZEC
🔴 SHORT SETUP Entry: $1,550–$1,565 after support breaks and retest fails
TP1: $1,520
TP2: $1,496
TP3: $1,460
SL: $1,590
My take: I would wait for confirmation rather than enter during volatility. A strong 4H close above $1,640 could favor buyers, while a breakdown below $1,550 may open further downside. These are conditional setups, not guaranteed outcomes. Manage risk carefully.
Would you trade the breakout long or wait for a confirmed breakdown?
#ZEC #Zcash #DogecoinETFsPostBiggestWeekSinceLaunch
$ZEC is trading near $1,581 on your chart after pulling back sharply from $1,698. The latest red candle came with elevated volume, showing strong selling pressure. Price is below MA(7) at $1,621.40 but remains above MA(25) at $1,561.02. This makes the next move important.
🟢 LONG SETUP Entry: $1,620–$1,640 after breakout confirmation
TP1: $1,660
TP2: $1,698
TP3: $1,740
SL: $1,585
$ZEC
🔴 SHORT SETUP Entry: $1,550–$1,565 after support breaks and retest fails
TP1: $1,520
TP2: $1,496
TP3: $1,460
SL: $1,590
My take: I would wait for confirmation rather than enter during volatility. A strong 4H close above $1,640 could favor buyers, while a breakdown below $1,550 may open further downside. These are conditional setups, not guaranteed outcomes. Manage risk carefully.
Would you trade the breakout long or wait for a confirmed breakdown?
#ZEC #Zcash #DogecoinETFsPostBiggestWeekSinceLaunch
