Currently monitoring ZEC for a push toward $531. Closed out yesterday's short position at a good profit level, and I'm now in wait-and-see mode for the next entry signal.
The setup still looks interesting on the chart, but premium pricing and key resistance levels suggest holding tight until clearer conditions emerge. This bounce could provide another opportunity if we see consolidation and renewed downside pressure.
ZEC remains one to keep on the radar for mean-reversion plays—just need the next catalyst to confirm the next move.
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Gm_Gn_Merchant
· 3h ago
ZEC's recent rebound to 531 feels a bit uncertain, with resistance right there... Yesterday's short positions closed nicely, so now I'm just watching and waiting for a signal before taking action.
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DeFiVeteran
· 3h ago
Short sellers took profits yesterday, feeling good. Now it's just a matter of whether ZEC can break through the 531 hurdle, or else we'll have to wait again.
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GasOptimizer
· 3h ago
Yesterday, the short-term profits have been realized; now it's just a matter of whether 531 can break through—data speaks for itself. If it doesn't break, continue to wait; efficiency comes first.
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Blockchainiac
· 3h ago
Yesterday's close was satisfying, now let's see if ZEC can reach 531... The chart is indeed interesting, but I still need clearer signals before making a move.
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LiquidityHunter
· 3h ago
The bears got wiped out yesterday, just waiting for ZEC to give a signal... This resistance level is really holding strong.
ZEC/USD Technical Setup
Currently monitoring ZEC for a push toward $531. Closed out yesterday's short position at a good profit level, and I'm now in wait-and-see mode for the next entry signal.
The setup still looks interesting on the chart, but premium pricing and key resistance levels suggest holding tight until clearer conditions emerge. This bounce could provide another opportunity if we see consolidation and renewed downside pressure.
ZEC remains one to keep on the radar for mean-reversion plays—just need the next catalyst to confirm the next move.