$ZEC Technical analysis of Zed Cash (ZEC/USDT)
Price is trading in an accumulation zone above the 24-hour low, which is at 1,376.39, where it is currently at 1,411.56. The 1-hour timeframe shows price action stabilizing above the local low of 1,356.00, which supports rebound opportunities to retest the 24-hour high at 1,460.16.
Trade type: Buy (Buy / Long)
Entry zone: 1,390.00 - 1,412.00
First target: 1,450.00
Second target: 1,460.00 (retest of the 24-hour high)
Stop loss: 1,370.00 (breaking the 24-hour low and holding below it)
Price is trading in an accumulation zone above the 24-hour low, which is at 1,376.39, where it is currently at 1,411.56. The 1-hour timeframe shows price action stabilizing above the local low of 1,356.00, which supports rebound opportunities to retest the 24-hour high at 1,460.16.
Trade type: Buy (Buy / Long)
Entry zone: 1,390.00 - 1,412.00
First target: 1,450.00
Second target: 1,460.00 (retest of the 24-hour high)
Stop loss: 1,370.00 (breaking the 24-hour low and holding below it)
