Brothers, pay attention to privacy coins! Although ZEC dropped slightly by 2% today, Hongcai saw something different on the four-hour chart - a signal of bullish momentum is quietly brewing!
News
Although the price fluctuations are not large, the contract open interest of ZEC has reached 1.039 billion USD, which is a relatively high level, indicating that both bulls and bears have invested a large amount of capital for a standoff here. Usually, high open interest + narrow fluctuations often indicate that a large movement is about to occur!
Technical analysis
From the four-hour chart, ZEC is currently oscillating around $460. The resistance above is very clear: $485 is the first threshold, and $500 is the real strong pressure zone. If it can break through, the space will be completely opened up. The support below is at $410 and $350.
MACD and RSI are currently in a watch state, with no clear unilateral signals, which means the market is waiting for a direction to choose. But often at such times, once a direction is chosen, the volatility can be very intense!
Hongcai's personal opinion
I believe ZEC is consolidating at the current position, building energy for an upward breakthrough. As long as it stabilizes above $460 and breaks through $485 with volume, then hitting $500 or even higher will be a high-probability event.
What should you do if you are playing ZEC?
If you are optimistic about the follow-up, you might consider light positioning for long orders near $460, but be sure to set your stop loss below $410.
If you already hold, patiently wait for the direction to be chosen; breaking through $485 allows for moderate position increases.
Remember: before the direction is clear, controlling your position is key; do not heavily bet on the direction.
Want to keep up with Hongcai's layout for this potential breakout in ZEC? Follow me; in the chat room, I will deeply explain how to predict large fluctuations through on-chain holding changes and share my specific operational plans! Let's seize this opportunity together!
I am Hongcai, helping you understand the market with data and logic. The longer the consolidation, the more intense the explosion; be prepared and wait for the wind to come.
Wealth does not enter through urgent doors; making money in the crypto world relies on awareness and patience, not shortcuts and luck! Follow Hongcai and participate in every attack! Hongcai will release specific entry times and real-time news every day at Caishen's home!#加密市场观察 $ZEC
