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Are ZEC shorts still bold enough to chase? On-chain data is flashing red
$ZEC /USDT - Go long LONG
Trading plan:
Entry: 500.12 – 504.02
SL: 483.31
TP1: 516.14
TP2: 525.52
TP3: 539.60
Why pay attention to this structure?
- 4-hour LONG signal, confidence 95%, and the daily trend is clearly bullish.
- RSI on the 15-minute timeframe is only 48.25, not overheated—pullbacks are the buy point.
- Current price is 502.07, tightly above EMA support, and the room for the stop loss to 483.31 is extremely small.
Discussion:
For this move, do we first reach TP2 at 525.52, or do we get a fake breakdown and then rally?