【$ZEC Signal】4H overbought zone, 1H death cross, waiting for a pullback to buy

$ZEC 4H RSI soared to 83.77, buying pressure clearly broken. 1H MACD death cross, histogram negative values expanding, selling pressure actively pressing down. Bollinger Bands 1H upper band at 609.5, price pulling back near the middle band. Depth buy-sell ratio 1.05, buying strength weakening. Current price 581.19, already crossed the suggested upper limit of 578.28, high chasing risk concentrated.
🎯Direction: Long (Pending order)
⚡Entry/Pending order: 578.28 limit order (upper boundary of the range)
🛑Stop loss: 419.42
🚀Target 1: 605.64
🚀Target 2: 667.72
🛡️Trade management: Reduce 50% at Target 1, move stop loss to break-even. If the price continues to weaken and breaks below entry, actively exit. Keep position within a safe range, due to wide stop loss.
Depth logic: 4H MACD histogram is positive but narrowing, signs of bullish momentum exhaustion. 1H upper shadow frequently appearing, selling pressure accumulating. Note that funding rate at 0.0002% is normal, open interest stable, no signs of short squeeze. Order book buy orders once favored but depth imbalance only 2.43%, indicating weak commitment at high levels. Wait for a pullback into the range before re-entering, for better risk-reward.
Check real-time market 👇 $ZEC
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