š„ZEC market recapļ½Pullback from high levels, range-bound trading awaiting direction!
Current price: 1408.11. After a pullback from the prior high of 1695.88, itās now consolidating within a range box.
Strong support below: 1355.88. Overhead resistance above: 1453.56.
ā Long: Wait for a pullback to around 1380 to stabilize, then take a small-sized long entry. Target: 1450. Stop-loss: place it below 1355. If it breaks down, exit.
ā Short: If price rebounds into the 1453 resistance area and fails, you may try a short. Look for a pullback toward 1380ā1355. If it breaks above 1453, abandon the short.
After the earlier major drop, it has entered a corrective consolidation phaseābulls and bears are in contention, with no clear one-way trend. Donāt overcommit with heavy positions; wait for a valid breakout and then add to positions following the move. Be cautious of wick spikes that sweep stops.
#zec #ZEC/USDT $ZEC #äŗ¤ęēē„åäŗ«
Current price: 1408.11. After a pullback from the prior high of 1695.88, itās now consolidating within a range box.
Strong support below: 1355.88. Overhead resistance above: 1453.56.
ā Long: Wait for a pullback to around 1380 to stabilize, then take a small-sized long entry. Target: 1450. Stop-loss: place it below 1355. If it breaks down, exit.
ā Short: If price rebounds into the 1453 resistance area and fails, you may try a short. Look for a pullback toward 1380ā1355. If it breaks above 1453, abandon the short.
After the earlier major drop, it has entered a corrective consolidation phaseābulls and bears are in contention, with no clear one-way trend. Donāt overcommit with heavy positions; wait for a valid breakout and then add to positions following the move. Be cautious of wick spikes that sweep stops.
#zec #ZEC/USDT $ZEC #äŗ¤ęēē„åäŗ«