@$ZEC recent performance is worth noting. From a technical perspective, the hourly chart has already touched the bottom support zone, indicating a short-term rebound opportunity. More interestingly, on-chain data shows that funds have been continuously flowing in, which is usually a sign of bottom accumulation.
Based on these observations, my approach is to take a light long position, targeting the 415 level. For risk management, set the stop-loss at 385, so the retracement space is relatively limited. The daily chart layout is also still in progress.
On a macro level, expectations of the Federal Reserve cutting interest rates have also provided some liquidity support to the crypto market. In this context, assets like $ZEC may perform well. Of course, trading should still be strictly according to your own plan and not be influenced by short-term fluctuations.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
13 Likes
Reward
13
4
Repost
Share
Comment
0/400
LiquidityNinja
· 13h ago
Can ZEC reach 415 this time? I feel like a 385 stop-loss is a bit tight and easily swept.
View OriginalReply0
SerumSquirrel
· 13h ago
The capital inflow indeed looks good, but I am still hesitant to wait for 415. I feel it might break out earlier.
View OriginalReply0
StakeOrRegret
· 13h ago
The ZEC bottom accumulation signal is so obvious, and funds are continuously flowing in aggressively... But honestly, the 415 target feels a bit conservative, shouldn't we be aiming for 450?
View OriginalReply0
Anon32942
· 14h ago
This level at 415 is a bit shaky; it feels like the 385 line won't hold up.
@$ZEC recent performance is worth noting. From a technical perspective, the hourly chart has already touched the bottom support zone, indicating a short-term rebound opportunity. More interestingly, on-chain data shows that funds have been continuously flowing in, which is usually a sign of bottom accumulation.
Based on these observations, my approach is to take a light long position, targeting the 415 level. For risk management, set the stop-loss at 385, so the retracement space is relatively limited. The daily chart layout is also still in progress.
On a macro level, expectations of the Federal Reserve cutting interest rates have also provided some liquidity support to the crypto market. In this context, assets like $ZEC may perform well. Of course, trading should still be strictly according to your own plan and not be influenced by short-term fluctuations.