ZEC is showing signs of short-term exhaustion after an aggressive vertical expansion move. Price is currently reacting inside a higher timeframe supply zone while momentum begins cooling following the recent impulsive rally.
The setup focuses on a possible mean reversion move back toward the reclaim area if sellers continue defending the current resistance region.
📍 Entry Zone:
565 – 585
🛑 Stop Loss:
620
🎯 Targets:
• T1: 525 – 530
• T2: 480 – 490
📊 Potential Profit:
• T1: ~7–10%
• T2: ~14–18%
⚖️ Estimated Risk-to-Reward:
Approx. 1:1.5 to 1:3 depending on entries and position management.
Despite the strong higher timeframe momentum, price is beginning to slow beneath a key liquidity zone after an extended move upward. RSI is also cooling while price remains elevated, which can sometimes precede short-term retracement or consolidation.
This remains a high-volatility setup due to the recent expansion phase, so active management and partial profit-taking may be important.
Independent opinion based on price action and market structure analysis.
NOT financial advice. Always manage risk properly.
#ZEC #Zcash #Crypto #TradingView #Binance #PriceAction
The setup focuses on a possible mean reversion move back toward the reclaim area if sellers continue defending the current resistance region.
📍 Entry Zone:
565 – 585
🛑 Stop Loss:
620
🎯 Targets:
• T1: 525 – 530
• T2: 480 – 490
📊 Potential Profit:
• T1: ~7–10%
• T2: ~14–18%
⚖️ Estimated Risk-to-Reward:
Approx. 1:1.5 to 1:3 depending on entries and position management.
Despite the strong higher timeframe momentum, price is beginning to slow beneath a key liquidity zone after an extended move upward. RSI is also cooling while price remains elevated, which can sometimes precede short-term retracement or consolidation.
This remains a high-volatility setup due to the recent expansion phase, so active management and partial profit-taking may be important.
Independent opinion based on price action and market structure analysis.
NOT financial advice. Always manage risk properly.
#ZEC #Zcash #Crypto #TradingView #Binance #PriceAction
Trade active
T1 Reached.Trade closed: target reached
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.