$ZEC 🟢 1. Entry Points for Buying the Correction (Best Scenario)
Since the price is going through a downward correction phase after touching the peak, the best levels to wait for the rebound and buy are:
First entry point (medium risk): between the levels 1.592 and 1.585 (a nearby technical support level).
Second entry point (lower and stronger risk): at the level 1.574 (the SuperTrend indicator support line shown in green in your image).
🚨 Stop Loss: a full candle close below 1.560.
📈 2. Entry Point with Momentum Breakout ($ZEC scenario: continuation of the upward move)
If the price does not drop and decides to continue rising directly:
Entry point (breakout confirmation): enter immediately upon breaking the previous high and maintaining above 1.680 with a clear candlestick close.
🚨 Stop Loss: fall back below 1.635.
#zec #BinanceSquareTalks #crypto
Since the price is going through a downward correction phase after touching the peak, the best levels to wait for the rebound and buy are:
First entry point (medium risk): between the levels 1.592 and 1.585 (a nearby technical support level).
Second entry point (lower and stronger risk): at the level 1.574 (the SuperTrend indicator support line shown in green in your image).
🚨 Stop Loss: a full candle close below 1.560.
📈 2. Entry Point with Momentum Breakout ($ZEC scenario: continuation of the upward move)
If the price does not drop and decides to continue rising directly:
Entry point (breakout confirmation): enter immediately upon breaking the previous high and maintaining above 1.680 with a clear candlestick close.
🚨 Stop Loss: fall back below 1.635.
#zec #BinanceSquareTalks #crypto