#Buy / Long Opportunity on
$ZEC though not yet confirmed.
Potential LONG Opportunity at the
#DemandZone After an extended sell-off,
$ZEC has finally approached an interesting area on the 4H chart.
Price has entered my marked demand zone around $1,120–$1,165, where we're beginning to see signs of Buying Pressure.
Notice the lower wicks and hammer-like candles? Sellers are pushing price lower, but buyers are stepping in to reject those prices.
What am I watching?
If buyers successfully defend this demand zone, followed by a bullish CHOCH on lower timeframes and a break of nearby lower highs, we could see a recovery.
🎯 Potential upside targets:
$1,220 – First resistance
$1,283 – Next supply area
$1,342 – Major resistance
What invalidates the idea?
A decisive breakdown below the demand zone, particularly below $1,120, would weaken the bullish scenario.
For now, this is a potential LONG setup, not a confirmed entry.
I'm interested in seeing whether buyers can turn this demand zone into the starting point of a meaningful recovery.
Will
$ZEC finally bounce, or will sellers break through demand? 👀
#zec #priceaction #CPITestsDecemberRateOutlook