$ZEC Daily Market Update

Current Price: Approximately $690–$715 USD

24 Hour Condition: Still bullish, just broke out from the $668 zone and touched $750 on November 6, the highest in the last 3 years. However, this zone is also a potential profit-taking area by large traders.

Sentiment: Privacy coins are trending again, Q4 narrative is strong driven by the community and whale buyers (the direction of $820–$900 is still possible, but the current zone carries high risk for new entries).

Trading Setup

Entry:

Buy on dip at $665–$682 (EMA 20/50 day support area)

Avoid FOMO if the price is above $730 without additional volume.

Stop Loss:

$638 (lower limit of EMA 50 and risk of double top pattern)

Take Profit:

TP1: $750 (latest resistance)

TP2: $820–$900 (bullish breakout target if it closes above $750)

Technical Notes:

EMA 20: $691, EMA 50: $673, EMA 200: $594 – the medium-term trend is still positive.

RSI is starting to enter the high zone, potential healthy pullback before heading to the next resistance.

If it breaks down below $638, watch out for deeper corrections.

Trading Tips:

Use a minimum risk-reward ratio of 1:2 (risk 5–6%, target 10–15%).

Take some profit at resistance, move stop loss to entry if already profitable.

Monitor whale selling pressure and global news sentiment, as ZEC tends to be volatile when the privacy coin narrative is trending.