$ZEC Update: Sharp Wick Bought Up, Bulls Fighting to Reclaim Supertrend 🛡️
Zcash (ZECUSDT Perp) is trading around $1,232.88, down -2.51% in the last 24 hours. The 24h range is $1,176.98 to $1,293.00, with strong volume of about $1.56B USDT.
Short-term view (1h chart):
• Price rejected from $1,293 and dumped to $1,176.98, then recovered with a long lower wick
• Supertrend is bearish at $1,277.51, acting as overhead resistance
• RSI(6) is at 46.4, neutral and recovering from the oversold side
• Resistance: $1,247.75, then $1,273.28 and $1,277.51
• Support: $1,222.23, then $1,196.70 and $1,176.98
Bigger picture:
• Today: -2.61%
• 7 Days: +0.64%
• 30 Days: +1.76%
• 90 Days: +148.38%
• 180 Days: +123.89%
• 1 Year: +100.04%
ZEC remains one of the strongest long-term performers, with triple-digit gains over 90 days, 180 days and 1 year. Short-term, the sharp dump was absorbed quickly, which shows dip buyers are active. Sellers still hold the short-term trend until the Supertrend line is reclaimed, so confirmation matters.
📊 Trade Plan (Example Only):
Long (support bounce):
• Entry: $1,222 - $1,235 (confirm with a green 1h candle)
• Stop Loss: $1,188
• TP1: $1,247
• TP2: $1,273
• TP3: $1,293
• Risk-Reward: approx. 1:2 or better
Long (breakout play):
• Entry: $1,222 - $1,235 (confirm with a green 1h candle)
• Stop Loss: $1,188
• TP1: $1,247
• TP2: $1,273
• TP3: $1,293
• Risk-Reward: approx. 1:2 or better
Long (breakout play):
• Entry: Above $1,280 with a 1h candle close (Supertrend flip)
• Stop Loss: $1,250
• TP1: $1,293
• TP2: $1,320
Short (breakdown play):
• Entry: Below $1,195 with a 1h candle close
• Stop Loss: $1,225
• TP1: $1,176
• TP2: $1,150
Invalidation: For the bounce, a 1h close below $1,196 cancels the setup. For the breakout, a close back below $1,247 means the flip failed. For shorts, a strong close above $1,273 invalidates the bearish view.
#zec #cryptotrading #BinanceSquare #TradingSignals
$GNS
$HOT
Zcash (ZECUSDT Perp) is trading around $1,232.88, down -2.51% in the last 24 hours. The 24h range is $1,176.98 to $1,293.00, with strong volume of about $1.56B USDT.
Short-term view (1h chart):
• Price rejected from $1,293 and dumped to $1,176.98, then recovered with a long lower wick
• Supertrend is bearish at $1,277.51, acting as overhead resistance
• RSI(6) is at 46.4, neutral and recovering from the oversold side
• Resistance: $1,247.75, then $1,273.28 and $1,277.51
• Support: $1,222.23, then $1,196.70 and $1,176.98
Bigger picture:
• Today: -2.61%
• 7 Days: +0.64%
• 30 Days: +1.76%
• 90 Days: +148.38%
• 180 Days: +123.89%
• 1 Year: +100.04%
ZEC remains one of the strongest long-term performers, with triple-digit gains over 90 days, 180 days and 1 year. Short-term, the sharp dump was absorbed quickly, which shows dip buyers are active. Sellers still hold the short-term trend until the Supertrend line is reclaimed, so confirmation matters.
📊 Trade Plan (Example Only):
Long (support bounce):
• Entry: $1,222 - $1,235 (confirm with a green 1h candle)
• Stop Loss: $1,188
• TP1: $1,247
• TP2: $1,273
• TP3: $1,293
• Risk-Reward: approx. 1:2 or better
Long (breakout play):
• Entry: $1,222 - $1,235 (confirm with a green 1h candle)
• Stop Loss: $1,188
• TP1: $1,247
• TP2: $1,273
• TP3: $1,293
• Risk-Reward: approx. 1:2 or better
Long (breakout play):
• Entry: Above $1,280 with a 1h candle close (Supertrend flip)
• Stop Loss: $1,250
• TP1: $1,293
• TP2: $1,320
Short (breakdown play):
• Entry: Below $1,195 with a 1h candle close
• Stop Loss: $1,225
• TP1: $1,176
• TP2: $1,150
Invalidation: For the bounce, a 1h close below $1,196 cancels the setup. For the breakout, a close back below $1,247 means the flip failed. For shorts, a strong close above $1,273 invalidates the bearish view.
#zec #cryptotrading #BinanceSquare #TradingSignals
$GNS
$HOT
