๐ฅ ZEC BOUNCES at Support! The Confirmation We Needed for the LONG ๐
#ZEC #Futuros #TradeCrypto #BinanceSquare #700 We got it right!
$ZEC $ bounced strongly at the key support level (near $695). The market showed that the "strong hands" are defending this level, and now the price at $708.53 is ready for the next assault on the all-time highs.
๐ Smart Strategy: Continuation LONG
The bounce validates the bullish trend. We are aiming for a break of the immediate resistance.
M5 Chart
โข Entry (LONG)$709.00 - $710.00 Open LONG on the break of the immediate resistance (the EMA(50)). It is an aggressive entry seeking momentum
โข Suggested Leverage 5x to 10x (Maximum) The volatility is high, keep the risk low
โข Stop Loss (SL) $698.00 Placed just below the immediate support of the last consolidation. If it falls here, the bounce failed.
โข Take Profit (TP 1)$735.00 Short-term resistance level that generates quick profits
โข Take Profit (TP 2) $775.00 (24h High) High probability target if the momentum continues
๐จ Trader Tip: Confirmation of the breakout is key. Wait for the candle to close above $709-$710 before entering to avoid a false breakout.
๐ Watch out! ๐
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$ZEC and ride the wave of $700.
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