$ZEC Signal: 1H overbought seriously, wait for pullback confirmation

$ZEC 1H RSI 90.9 directly hits the upper Bollinger Band at 604.95, MACD bars start to narrow. 4H volume decreases on the last bullish candle, buying pressure ratio 0.55 not significantly strengthened. Deep negative bias -18.25%, sell orders slightly thicker. Current price 599.66 has exceeded the upper boundary of the suggested entry zone, system marks waiting for a better entry.
🎯Direction: Watch (wait for pullback to go long orders)
⚡Entry/Order: 460.90 - 596.66 (order zone lower boundary at 460.90, waiting for deep pullback)
🛑Stop loss: 406.73
🚀Target 1: 569.24
🚀Target 2: 623.42
🛡️Trade management:
- Execution strategy: If the order is triggered after placement, reduce position by 50% at Target 1, move stop loss to entry price; if the price rebounds below the entry level, exit.
Bullish momentum is weakening, it’s safer to add on dips when profit-taking occurs. Currently, chasing high worsens the risk-reward ratio; waiting for orders aligns better with risk preferences.
Check real-time market 👇 $ZEC
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