Everyone wanted $ZEC when it was flying toward $1,700. Now after the market flushed it from $1,692.60 to $1,506, suddenly people are scared again. This is exactly where i prefer looking for the trade. I opened a $ZEC LONG around $1,520 💪🏻 🎯 Entry: $1,515-$1,525 🎯 TP: $1,650 🛑 SL: $1,484 The 15M chart is finally trying to build a base around $1,506-$1,520 after that violent correction. RSI(6) has cooled all the way to 29.77, RSI(12) 32.10, while the fast averages have compressed around price. This is MUCH healthier than buying ZEC while it was vertically pumping at $1,650+. The bigger 4H structure is what i care about though... ZEC came from around $1,325 → $1,692, corrected almost $190 from the top, and is now sitting back around the previous $1,500 psychological breakout area. 📈 $1,500-$1,506 = first major defend 📈 $1,545-$1,550 = first reclaim 🎯 $1,600 = next resistance 🎯 $1,650 = my TP 🛑 Below $1,484 = this setup is invalid for me And this Zcash rally has been absolutely destroying leveraged traders. When ZEC first broke $1,000 earlier this month, roughly $36.6M was liquidated in just 24H and about $34.5M of that was SHORTS. Then Sept 16-18 alone saw roughly $59.5M of tracked ZEC liquidations, with about $49.3M coming from shorts across the exchanges covered by Sharpe Terminal. And leverage is STILL huge. CoinGlass currently shows around $3B+ ZEC futures open interest with roughly $9B in 24H futures volume. So i am not treating $1,500 like some random number. After a massive rally, a proper correction back into the old breakout area + oversold short-term RSI + base building around $1,500 is exactly the kind of reset i wanted. Hold $1,500 and start reclaiming $1,545-$1,550... I am watching ZEC for another move toward $1,600-$1,650. After that sharp short term wick from whole market and majors like $ETH USDT and $XRP USDT dumped sharply... ZEC also felt that heat. #CorePCEandGDPFinalRead

Crypto Market is celebrating October which make it the month of Uptober for #bitcoin and the bull momentum 🚀$BTC ‌ $DOGE ‌ $XRP #GateSquareMidAutumnReunion #GateMeme #OpenAIAnnualRecurringRevenueNears$70B

$ZEC The current price is 1367.62, with the bull-bear dividing line at 1379.48—this is the lower Bollinger Band and the first resistance above the current price. After breaking below it, the price has moved outside the lower band, entering a short-term oversold zone, but the trend structure has not yet recovered. First, here is a reusable chart-reading method: use moving-average alignment to determine whether the trend is healthy. A healthy uptrend requires MA5 to be above MA20, with both moving upward simultaneously. Currently, $ZEC ’s MA5=1391.95 and MA20=1415.39, with the short-term moving average below the medium-term moving average, forming a bearish alignment. This indicates that the average holding cost over the past 30 candles is still suppressing the current price, and the trend has not strengthened. In addition, the MACD histogram is -4.831, with momentum still on the bearish side. Although RSI=34.8 is close to oversold, it has not reached an extreme level, indicating that selling pressure has not been fully released. However, the funding rate of +0.0100% shows that contract longs are still paying to hold positions, while the Fear and Greed Index at 74 is in the greed zone—these two signals are contradictory: spot prices are falling, but sentiment remains overheated. This divergence usually means that a rebound is prone to failure, making the risk of chasing longs relatively high. The upper Bollinger Band at 1451.29 and MA20 form a confluence of resistance, serving as the ceiling for this rebound. Directional view: Short-term bias is bearish, but only short after a rebound; do not chase the decline. The reference entry range is 1391–1400, near the MA5 pullback confirmation zone. Take-profit 1 is around 1367, near the previous low; take-profit 2 is around 1340, estimated from the lower bound of a 9.6% swing. Set the stop-loss above 1420, above MA20, where the bearish thesis becomes invalid. Meanwhile: $NO is strengthening against the trend, with a bullish moving-average alignment and significantly stronger relative strength than $ZEC and $XRP ; $XRP is consolidating weakly, with direction unclear. (Personal opinion for reference only and not investment advice. Contract trading carries extremely high risk; strictly control your position size.) [Data] Coin: ZECUSDT Direction: Short Entry: 1391-1400 Take-profit 1: 1367 Take-profit 2: 1340 Stop-loss: 1420