Everyone is watching ZEC’s RSI hit 77—here’s why that might be a trap.
$ZEC LONG
Trade Plan:
Entry: 463.00 – 465.08
SL: 438.34
TP1: 483.32
TP2: 496.17
TP3: 515.45
Why this setup?
• 15m RSI is overbought at 77.13, but the 4h trend remains bullish with a daily uptrend intact.
• Entry at 464.04 with tight SL at 438.34 gives a 5.6% risk vs. 12% to TP3 at 515.45.
• Why now? The ATR(1h) of 7.14 suggests volatility is compressing—breakouts often follow.
Debate:
Is the overbought RSI a shakeout before the next leg up, or do you see a short squeeze failing here?
Click here to Trade
$ZEC LONG
Trade Plan:
Entry: 463.00 – 465.08
SL: 438.34
TP1: 483.32
TP2: 496.17
TP3: 515.45
Why this setup?
• 15m RSI is overbought at 77.13, but the 4h trend remains bullish with a daily uptrend intact.
• Entry at 464.04 with tight SL at 438.34 gives a 5.6% risk vs. 12% to TP3 at 515.45.
• Why now? The ATR(1h) of 7.14 suggests volatility is compressing—breakouts often follow.
Debate:
Is the overbought RSI a shakeout before the next leg up, or do you see a short squeeze failing here?
Click here to Trade