【$ZEC Signal】Short squeeze continues, buy on 1H pullback

$ZEC The 1H timeframe is consolidating at a high level after a strong rally, with the price trading firmly above the EMA20 (298.3). A single bullish candle on the 4H chart breaks through the long-term downtrend, confirming a reversal. The current negative funding rate (-0.0154%) combined with firm prices indicates a classic short squeeze structure; a pullback is an opportunity.

🎯Direction: Long (Long)

🎯Entry/Order: 321.0 - 319.0 (Reason: Support at 1H EMA20 pullback area and previous hour’s low)

🛑Stop Loss: 314.0 (Reason: Break below the large bullish candle on 4H and ATR(14) twice below)

🚀Target 1: 332.8 (Reason: Previous high resistance level)

🚀Target 2: 345.0 (Reason: 1.618 Fibonacci extension on 4H chart)

🛡️Trade Management:

- Position size suggestion: Light (Reason: Daily gains have exceeded 19%, volatility is extremely high)

- Execution strategy: After reaching Target 1, reduce position by 50% to lock in profits, and move the remaining stop loss to the entry price. If the price cannot stabilize in the entry zone and quickly breaks below 319, abandon the trade.

Deep logic: Trading volume on the 4H buy side surges, with buy/sell ratio reaching 0.55, indicating main capital inflow. Although the current 1H RSI(79.66) is high, in a short squeeze environment, high RSI can persist. Open interest remains stable, and the price has not fallen, suggesting passive short covering pressure remains. There are sell orders at 321.38 with 256,000 USDT, and breaking this level will accelerate upward movement.

Trade here 👇 $ZEC

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