🚨 $ZEC defends the $1.536 support: Will a reaccumulation rebound start or will bearish pressure continue?
Zcash (ZEC) is currently trading in the $1.559,21 area (-6.55%). On the 15m timeframe, the price action shows an attempted rebound after touching a daily low at $1.536,63, temporarily moving away from the 24h high reached at $1.680,00. The order book shows a clear dominance on the demand side (60.58% buy vs. 39.42% sell).
Technical scenario to monitor:
🎯 Resistance Zone: $1.580 - $1.610 (To invalidate selling pressure and aim to recover $1.610, the $1.580 level needs to be broken with volume).
📉 Pullback Support: $1.536 - $1.500 (Critical support zone; losing the low at $1.536,63 would open the way for a deeper correction).
⚠️ Risk management: Even though the order book shows a strong concentration of buying near support, the trend on short timeframes is still in correction. Manage your stop loss carefully if you’re looking to go long (Long), or wait for rejection at key resistance levels to consider shorts (Short).
👇 Check and trade $ZEC in real time here below:
Zcash (ZEC) is currently trading in the $1.559,21 area (-6.55%). On the 15m timeframe, the price action shows an attempted rebound after touching a daily low at $1.536,63, temporarily moving away from the 24h high reached at $1.680,00. The order book shows a clear dominance on the demand side (60.58% buy vs. 39.42% sell).
Technical scenario to monitor:
🎯 Resistance Zone: $1.580 - $1.610 (To invalidate selling pressure and aim to recover $1.610, the $1.580 level needs to be broken with volume).
📉 Pullback Support: $1.536 - $1.500 (Critical support zone; losing the low at $1.536,63 would open the way for a deeper correction).
⚠️ Risk management: Even though the order book shows a strong concentration of buying near support, the trend on short timeframes is still in correction. Manage your stop loss carefully if you’re looking to go long (Long), or wait for rejection at key resistance levels to consider shorts (Short).
👇 Check and trade $ZEC in real time here below: