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$ZEC solid uptrend lately, but it's taking a breather right now – still feels bullish overall, just correcting a bit. For trading on 1-hour timeframe, I'm cautiously optimistic – maybe go long on a dip.
Checking the volume: Those recent 1-hour candles are all over the place. We saw a big spike up to 462k when it climbed from around 386.7 to 410.5, which screams real buying interest. But the latest ones are quieter, so yeah, probably just consolidating before the next move.
Flows are telling an interesting story too. Short-term contracts are flowing in positive – like 8.59M USDT in the last hour, showing folks are betting on more upside. Longer-term, though, there's some outflows (70.7M down over 3 days), which makes sense for a cautious market. Spot side's kinda mixed, but that 957k inflow in the last hour tips it bullish for quick trades.
Entry longs
$ZEC : Look to buy around 391.4 support (that's S1), or if it punches above 408 for confirmation.
- Stop out at 380 (just under lower support and the recent low) if entering at 391.
- Targets
$ZEC : 415 (Resistance level) first, then maybe 427.9 (next resistance) if it gets legs.
Current price is dipping, so patience pays off here. Anyone else long on ZEC or waiting it out?
#zec #ZECUSDT #zcash