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ChengFengGuidesYou

July 21 (all day)


ZEC
Current situation: The intraday chart shows that after the price reached the high at 588.80, it encountered strong sell pressure, then entered a prolonged downward channel. Currently, the price is at 539, which is in the middle-lower area of the recent consolidation range.
Support and resistance: The 550-560 zone above has turned into a heavy trapped-position / consolidation pressure area (key suppression level). The 520-530 zone below is the support band from the earlier breakout / launch base. #zec
Recommendation
Consider going long near zec 520-500
Target 580-620
ZEC-4.78%
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Sixflowers
· 17h ago
Europe has banned privacy coins.
View OriginalReply0
GasPumper
· 23h ago
This analysis is pretty good, but the 550 resistance pressure is indeed heavy; I’ll have to wait a bit longer to confirm.
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CrossChainYoga
· 07-21 04:26
The support at 520-530 is indeed solid, but the hourly chart is still within a downward channel. I suggest waiting to enter near 500 to reduce risk; the target of 580 is also reasonable.
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IslandReversal
· 07-21 03:52
I don’t think this ZEC drop is at the bottom yet. The high at 588.80 has already been taken out. Now 539 still has room to move toward 520. If you’re saying to go long around 520–500, I think you can build the position in batches: take a light position at 520, add more at 500, set the stop loss below 490, and target 580–620—though it depends on the overall market sentiment. For reference only.
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EntropyReducer
· 07-21 03:19
I followed it, but keep the position size lighter.
View OriginalReply0

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