📉 ZEC — LOCAL PULLBACK & TIGHT CONSOLIDATION AROUND THE MA CLUSTER! 🔻
$ZEC is trading lower at 1,231.86 (-1.17%, or roughly Rs341,138.03), moving within an active 24-hour range between a high of 1,261.59 and a low of 1,187.20. Price action on this 4-hour chart displays a short-term correction following a rejection near the 1,367.96 swing peak, currently compressing right around the converging fast MA(7) (1,225.02), MA(25) (1,228.08), and macro structural MA(99) (1,210.53) lines.
📊 QUICK TRADE PLAN — 4H
🟢 LONG ENTRY: 1,180.00–1,225.00 (on volume absorption and confirmed structural defense near the moving average and local demand band)
🛑 STOP LOSS: 1,150.00
🎯 TP1: 1,310.00
🎯 TP2: 1,380.00
Are you watching for Zcash to hold this moving average convergence zone and bounce higher, or waiting for a clearer continuation signal? Let's discuss below! 👇
👉 Trade: $ZEC
#zcash #zec #cryptotrading #BinanceSquare #bearish
$ZEC is trading lower at 1,231.86 (-1.17%, or roughly Rs341,138.03), moving within an active 24-hour range between a high of 1,261.59 and a low of 1,187.20. Price action on this 4-hour chart displays a short-term correction following a rejection near the 1,367.96 swing peak, currently compressing right around the converging fast MA(7) (1,225.02), MA(25) (1,228.08), and macro structural MA(99) (1,210.53) lines.
📊 QUICK TRADE PLAN — 4H
🟢 LONG ENTRY: 1,180.00–1,225.00 (on volume absorption and confirmed structural defense near the moving average and local demand band)
🛑 STOP LOSS: 1,150.00
🎯 TP1: 1,310.00
🎯 TP2: 1,380.00
Are you watching for Zcash to hold this moving average convergence zone and bounce higher, or waiting for a clearer continuation signal? Let's discuss below! 👇
👉 Trade: $ZEC
#zcash #zec #cryptotrading #BinanceSquare #bearish
