🚀 $ZEC / USDT Analysis: Parabolic Move! 🚀

$ZEC ​Zcash is currently flying with a +18.76% gain, but the indicators are screaming "caution."

​📊 Technical Insights:

​Overbought: RSI (6) is at 87.6, suggesting the price is extremely overextended.

​Resistance: Testing the 333 mark. A failure to break this could lead to a quick "cool-off."

​Support: Strong floor identified at 279.5 (SuperTrend) and immediate support at 313.

​💡 Trading Plan:

​Wait for the Dip: Entering now is high risk. Look for a better entry near 310 or the 280 breakout zone.

​Profit Taking: If you’re in long, consider locking in some gains or tightening your Stop Loss.

​Prediction: Expect short-term consolidation before the next major move.

​Stay disciplined and manage your risk! 🛡️

​#ZEC #cryptotrading #BinanceSquareFamily #zcash #TechnicalAnalysis