ZEC looks amazing long term, we are confident in the performance of this coin and hold a good amount from the 20-24 $ levels. However, here were looking at a potential trade set up to go long with high leverage.
We are looking for a partial rise within this broadening structure. The closer to 24$ we get the easier it will be to manage risk, having said that we have already achieved a 50% retrace to $27.3 meaning we can accumulate from this level to the 0.786 retrace assuming we are currently in Wave 2 of a larger impulse structure.
We will update within the community on our leveraged long entry.
We are looking for a partial rise within this broadening structure. The closer to 24$ we get the easier it will be to manage risk, having said that we have already achieved a 50% retrace to $27.3 meaning we can accumulate from this level to the 0.786 retrace assuming we are currently in Wave 2 of a larger impulse structure.
We will update within the community on our leveraged long entry.
Comment:
Entries at 24-25$ already +10% up. Another killer entry from the team
Comment:
Argument remains strong above the 24-25$ level, this is an accumulation period until the structure changes