Strong demand defended key local support, signaling a high-probability mean reversion trade!
$ZEC bounced cleanly off the $465.97 order block, creating a local double bottom on the 4H timeframe. Sellers are losing momentum as price reclaims the MA(7), setting up a relief rally toward upper resistance.
Bias: LONG Entry Zone: $478.00 - $482.00 SL: $464.00 TP1: $498.00 TP2: $512.00 TP3: $528.00
Watching overall market momentum across BTC andETH for confirmation.
Do you see $ZEC breaking past $500 this week, or is this just a fakeout before another leg down?
$ZEC
$ZEC bounced cleanly off the $465.97 order block, creating a local double bottom on the 4H timeframe. Sellers are losing momentum as price reclaims the MA(7), setting up a relief rally toward upper resistance.
Bias: LONG Entry Zone: $478.00 - $482.00 SL: $464.00 TP1: $498.00 TP2: $512.00 TP3: $528.00
Watching overall market momentum across BTC andETH for confirmation.
Do you see $ZEC breaking past $500 this week, or is this just a fakeout before another leg down?
$ZEC