ZEC Long Trade Idea:
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ZEC starting to show signs of bullish momentum, missing volume but price action is telling us to start building a position! Yesterday’s candle blasted through the range equilibrium and today’s pullback was bought aggressively, we don’t use candle stick patterns because they are not useful in crypto trading but specific candle formations can be and we know that a bullish hammer is pretty damn bullish.
•
We are buying every pullback near EQ should at around $120 and we are building a mid term to long term bag at these prices. The Coinbase listing will play a major catalyst on this pick so we want to position ourselves before the fomo kicks in.
•
Long: $123 - $118
Stop: $112
Targets: $146 - $161 - $190
•
ZEC starting to show signs of bullish momentum, missing volume but price action is telling us to start building a position! Yesterday’s candle blasted through the range equilibrium and today’s pullback was bought aggressively, we don’t use candle stick patterns because they are not useful in crypto trading but specific candle formations can be and we know that a bullish hammer is pretty damn bullish.
•
We are buying every pullback near EQ should at around $120 and we are building a mid term to long term bag at these prices. The Coinbase listing will play a major catalyst on this pick so we want to position ourselves before the fomo kicks in.
•
Long: $123 - $118
Stop: $112
Targets: $146 - $161 - $190