📉 ZEC — TIGHT CONSOLIDATION & TESTING THE MOVING AVERAGE CLUSTER! 🔄
$ZEC is trading at 1,268.88 (-0.50%, or roughly Rs351,048.34), moving within a narrow 24-hour range between a high of 1,293.00 and a low of 1,235.21. Price action on this 4-hour chart shows tight sideways compression, hovering just above the fast MA(7) (1,265.77) and macro structural MA(99) (1,250.31) while pressing just under the MA(25) (1,290.17) moving average.
📊 QUICK TRADE PLAN — 4H
🟢 LONG ENTRY: 1,210.00–1,255.00 (on healthy intraday retracements or retests of the structural MA(99) support base)
🛑 STOP LOSS: 1,185.00
🎯 TP1: 1,330.00
🎯 TP2: 1,400.00
❓Are you watching for Zcash to break out of this consolidation range toward the $1.29K+ resistance band, or expecting a retest of lower support?
Let's discuss below! 👇
👉 Trade: $ZEC
#zec #zcash #CryptoTrading. #BinanceSquare #neutral
$ZEC is trading at 1,268.88 (-0.50%, or roughly Rs351,048.34), moving within a narrow 24-hour range between a high of 1,293.00 and a low of 1,235.21. Price action on this 4-hour chart shows tight sideways compression, hovering just above the fast MA(7) (1,265.77) and macro structural MA(99) (1,250.31) while pressing just under the MA(25) (1,290.17) moving average.
📊 QUICK TRADE PLAN — 4H
🟢 LONG ENTRY: 1,210.00–1,255.00 (on healthy intraday retracements or retests of the structural MA(99) support base)
🛑 STOP LOSS: 1,185.00
🎯 TP1: 1,330.00
🎯 TP2: 1,400.00
❓Are you watching for Zcash to break out of this consolidation range toward the $1.29K+ resistance band, or expecting a retest of lower support?
Let's discuss below! 👇
👉 Trade: $ZEC
#zec #zcash #CryptoTrading. #BinanceSquare #neutral
