$ZEC , after a volume expansion and surge, a benign pullback; below, moving-average support remains solid.
$ZEC - Long
Trading Plan:
Entry: 565.0 - 568.5
Stop Loss (SL): 551.0
Target 1 (TP1): 579.9
Target 2 (TP2): 590.0
Target 3 (TP3): 600.0
Why go long?
Price met resistance near the previous high around 580, then pulled back slightly, but it landed right above MA7 (559.11) and MA25 (551.53). During the pullback, volume clearly contracted, indicating that the main players have not exited in large numbers. The lower moving-average structure has already diverged upward and formed layered support. As long as the stop-loss defense isn’t broken through with heavy sell volume, this post-breakout healthy consolidation is highly likely to continue by probing the previous high at 579.91, and may even extend space above 600. The risk-reward ratio for going long in line with the move remains favorable.
Click here to trade👇
$ZEC - Long
Trading Plan:
Entry: 565.0 - 568.5
Stop Loss (SL): 551.0
Target 1 (TP1): 579.9
Target 2 (TP2): 590.0
Target 3 (TP3): 600.0
Why go long?
Price met resistance near the previous high around 580, then pulled back slightly, but it landed right above MA7 (559.11) and MA25 (551.53). During the pullback, volume clearly contracted, indicating that the main players have not exited in large numbers. The lower moving-average structure has already diverged upward and formed layered support. As long as the stop-loss defense isn’t broken through with heavy sell volume, this post-breakout healthy consolidation is highly likely to continue by probing the previous high at 579.91, and may even extend space above 600. The risk-reward ratio for going long in line with the move remains favorable.
Click here to trade👇