ZECUSDT is at $489.78, up 1.33% today and roughly 4% on the week, riding momentum from the Ironwood (NU6.3) network upgrade that activated July 28.

Ironwood sealed the old Orchard shielded pool — which had an undisclosed counterfeiting flaw sitting in it for four years — behind a turnstile that only lets verified deposits leave, and opened a fresh shielded pool that's already north of $1.7B.

About 3.6M ZEC remains locked in legacy Orchard as holders migrate.

Privacy coins as a category have been outperforming this stretch, and ZEC's social sentiment is running bullish.

Technically: price has already rallied hard off the $403.91–$393.39 support zone from late June — it's currently trading nearly $85 above that zone.

The levels on this chart aren't a "buy now" signal; they're a retracement plan for if ZEC comes back to retest that support.

📍 Entry: $404.28
🛑 Stop Loss: $379.28 → -6.18%
🎯 Target 1: $450.00 → +11.31%, ~1.8:1 R:R
🎯 Target 2: $529.28 → +30.92%, ~5:1 R:R

Risk note: the single biggest mistake here would be entering at today's $489 price using this plan's $379 stop — that's a materially larger, unhedged risk than what the setup was actually built around. If the retest doesn't happen, there's no trade.

Size any position at 1-2% account risk, and don't average a losing entry to "fix" the R:R after the fact.

Not financial advice — do your own research, especially around the Orchard migration mechanics before moving shielded balances.

#Zcash #ZEC #CryptoTrading #PrivacyCoins