$ZEC 1H level is currently testing the key EMA20 support, the 4H level has confirmed a breakthrough of the upper boundary of the previous consolidation range, forming a strong upward structure. The current price is oscillating around 280, digesting profit-taking, which is an excellent second buying opportunity. Negative funding rate + stable open interest indicates that bears are still resisting, and the short squeeze logic remains in play.
🎯 Direction: Long
🎯 Entry/Order: 279.5 - 281.0 (Reason: 1H EMA20 dynamic support + previous 1H candlestick low area)
🛑 Stop Loss: 274.5 (Reason: Break below the low point of the 4H breakout candlestick at 275.33 + ATR(14) moving downward)
🚀 Target 1: 288.5 (Reason: Previous high resistance level)
🚀 Target 2: 295.0 (Reason: 1.618 Fibonacci extension level, based on recent swing)
🛡️ Trade Management:
- Position Suggestion: Standard Position (Reason: 4H breakout structure is clear, 1H pullback confirmation, higher win rate)
- Execution Strategy: After the price reaches Target 1, reduce position by 50% to lock in profits, and move the stop loss of the remaining position to entry price. If the price strongly breaks above 290, the target for the remaining position can be set towards 295.
Deep Logic: The 4H chart shows that the price has strongly broken through and stabilized within the long-term consolidation range of 250-270, which is a key signal for trend initiation. The 1H RSI is healthily retreating from the overbought zone to 66, building momentum for another upward move. Order book data shows buying depth accumulating around 280 (223 units), providing immediate support. Open interest remains stable after a surge, indicating that bulls have not exited on a large scale but rather are rotating positions. Negative funding rate suggests that bears are still present, providing fuel for a potential short squeeze.
Trade here 👇
$ZEC ---
Follow me: Get more real-time analysis and insights into the crypto market!
#ZIG #ZIGChain #RWA @币安广场 $ETH