📊 ZEC/USDT Analysis: A bearish correction and an attempt to stabilize at support zones!$ZEC
📊 ZEC (Zcash) is currently trading at $1,305.40, recording a slight daily gain of +0.63%, following a corrective pullback that started from today’s high at $1,334.79 and touched a low at $1,271.09. Trading liquidity over the past 24 hours reached volumes of 72,729.09 ZEC, with a total value of 95.19M$ USDT.
🟢 Technically, the chart shows the price under selling pressure due to trading below the MA(7) moving average at $1,409.87 and the MA(25) average at $1,380.80. However, the price stabilizing above the main MA(99) far below at $794.86, and holding above the $1,270.00 level, provides an opportunity to build a rebound base and regain upward momentum.
🚫 Entry, exit, and target zones:
↩️ Entry zones (expected rebound): $1,270.00–$1,300.00
💰 Current price: $1,305.40
🎯 Target 1 (first exit zone): $1,380.00
🎯 Target 2 (second exit zone): $1,410.00
🎯 Target 3 (third exit zone): $1,510.00
🚫 Stop-loss level (risk management): close below $1,240.00
📢 It requires a clear consolidation: trading must hold above $1,270.00 and break above $1,380.00 with an explicit confirmation candle.
🚀 Share your opinion: Do you expect ZEC to rebound again toward $1,400$?
👍 Don’t forget to support the post with a like and follow to receive all the latest updates!
#tothemoon
#ZEC #to #Zcash #cryptotrading $ZEC
📊 ZEC (Zcash) is currently trading at $1,305.40, recording a slight daily gain of +0.63%, following a corrective pullback that started from today’s high at $1,334.79 and touched a low at $1,271.09. Trading liquidity over the past 24 hours reached volumes of 72,729.09 ZEC, with a total value of 95.19M$ USDT.
🟢 Technically, the chart shows the price under selling pressure due to trading below the MA(7) moving average at $1,409.87 and the MA(25) average at $1,380.80. However, the price stabilizing above the main MA(99) far below at $794.86, and holding above the $1,270.00 level, provides an opportunity to build a rebound base and regain upward momentum.
🚫 Entry, exit, and target zones:
↩️ Entry zones (expected rebound): $1,270.00–$1,300.00
💰 Current price: $1,305.40
🎯 Target 1 (first exit zone): $1,380.00
🎯 Target 2 (second exit zone): $1,410.00
🎯 Target 3 (third exit zone): $1,510.00
🚫 Stop-loss level (risk management): close below $1,240.00
📢 It requires a clear consolidation: trading must hold above $1,270.00 and break above $1,380.00 with an explicit confirmation candle.
🚀 Share your opinion: Do you expect ZEC to rebound again toward $1,400$?
👍 Don’t forget to support the post with a like and follow to receive all the latest updates!
#tothemoon
#ZEC #to #Zcash #cryptotrading $ZEC
