📊 $ZEC – Key Resistance Zone Ahead! ⚠️
$ZEC is showing impressive bullish recovery, currently trading around $1,351.67 (+8.94%) on the 4H chart.
Price has bounced strongly from the $1,100–$1,185 support area and is now approaching a major resistance zone at $1,388–$1,400, where sellers could step in again.
🔴 My Trading Outlook:
I'm watching for a possible rejection from this resistance, with a potential pullback toward:
🎯 First Support: $1,295
🎯 Second Support: $1,260
🎯 Major Support: $1,220
RSI(6) is around 72, indicating overbought short-term momentum, so a correction wouldn't be surprising.
However, a strong 4H breakout and sustained close above $1,400 could invalidate the bearish setup and open the door for another bullish move.
Let's watch the reaction at resistance before taking a position. No chasing candles! 🔥
#ZEC #CryptoTrading #TechnicalAnalysis #Binance
$ZEC is showing impressive bullish recovery, currently trading around $1,351.67 (+8.94%) on the 4H chart.
Price has bounced strongly from the $1,100–$1,185 support area and is now approaching a major resistance zone at $1,388–$1,400, where sellers could step in again.
🔴 My Trading Outlook:
I'm watching for a possible rejection from this resistance, with a potential pullback toward:
🎯 First Support: $1,295
🎯 Second Support: $1,260
🎯 Major Support: $1,220
RSI(6) is around 72, indicating overbought short-term momentum, so a correction wouldn't be surprising.
However, a strong 4H breakout and sustained close above $1,400 could invalidate the bearish setup and open the door for another bullish move.
Let's watch the reaction at resistance before taking a position. No chasing candles! 🔥
#ZEC #CryptoTrading #TechnicalAnalysis #Binance
