What are the next steps in $ZEC? Follow the article:
$ZEC Great — I've seen the two images and I'll give you a technical analysis + short-term scenarios and a practical trading plan (conservative and risky) with entry points, stop-loss, and targets. Write the information based on the images honestly and explain the assumptions. --- A quick summary of what's in the pictures Pair: ZEC/USDT — Current price ~464–465. Apparent averages: MA(7) ≈ 505.4, MA(25) ≈ 560.7, MA(99) ≈ 252.95.
· RSI(6): 85.00965 ➡️ In Overbought Territory (Indicates Possible Near Correction). · OBV: 2,611,866,570 ➡️ High Buying Volume (Currently Supports Uptrend). · Fair Price: 0.19374 (Current Price Is Very Close to It, Indicating Reasonable Valuation).
⚠️ Critical Notes:
1. The significant increase (+27.20%) may be overstated and warrants caution. 2. RSI above 85 indicates that the currency is in Overbought Territory, Increasing the Chance of Downward Correction. 3. Small Moving Averages (MA7, MA25) are above Larger Averages (MA99), Confirming Short-Term Uptrend but with a Need to Watch for Any Reversal.
🎯 Recommendation:
· Limited Buy at Near Support Levels (0.16591 - MA7 Area) with a Stop Loss Below 0.14577. · Short-Term Target: 0.19999 (Near Resistance). · Medium-Term Target: 0.22 (In Case of Breaking Current Resistance). · Do Not Enter with All Funds Due to Overbought Signals (RSI Very High).
· RSI(6): 85.00965 ➡️ In Overbought Territory (Indicates Possible Near Correction). · OBV: 2,611,866,570 ➡️ High Buying Volume (Supports Current Uptrend). · Fair Price: 0.19374 (Current Price is Very Close to It, Indicating Reasonable Valuation).
⚠️ Critical Notes:
1. The significant rise (+27.20%) may be exaggerated and warrants caution. 2. RSI above 85 indicates that the currency is in Overbought Territory, Increasing the Chance of Downward Correction. 3. Smaller Moving Averages (MA7, MA25) are above larger Averages (MA99), Confirming the Short-term Uptrend but Needing Attention for Any Reversal.
🎯 Recommendation:
· Limited Buy at Near Support Levels (0.16591 - MA7 Area) with Stop Loss Below 0.14577. · Short-term Target: 0.19999 (Near Resistance). · Medium-term Target: 0.22 (In Case of Breaking Current Resistance). · Do not enter with all capital due to Overbought Signals (RSI is Very High).
Post 2: 🔥 $NAORIS unleashes an extraordinary upward wave! 💥 From the lowest level of 0.05500 to 0.08328 (+45.62%) with expectations of rising to 0.15! 📊
🎯 Exit Strategy: • Sell at 0.10 (initial profit taking) • Sell at 0.12 (continue profit taking) • Sell at 0.15 (final target)
Technical support is strong:
· MA(7) above MA(25) and buy signal · Trading volume of 48.69M confirms significant interest · RSI shows upward momentum without hitting overbought territory yet