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ZEC 4-hour RSI is only 37.6—are the main players quietly accumulating?
$ZEC /USDT - LONG
Trading plan:
Entry: 507.10 – 510.84
SL: 491.02
TP1: 522.43
TP2: 531.41
TP3: 544.87
Why focus on this setup?
- The daily trend is clearly bullish, and the 4-hour timeframe is nearing the key support 507–510 zone.
- The 15-minute RSI has been oversold to 37.6, and a “buy the dip” signal is emerging.
- Current price is 508.97, just 2.6% away from TP1—reward-to-risk is over 2:1.
- Why now? Oversold + trend alignment—waiting for confirmation before entering.
Discussion:
Will this move reach TP2 at 531 first, or will it be a bull trap that then retraces to hit the SL?