ZECUSDT: This rebound isn’t over yet—I’m still bullish
This rebound in ZEC has been impressive. It climbed all the way from around 1120, reaching a high of about 1294 today. Now that it’s back around 1260, I’m focused on whether it can hold near 1250 and whether it can break above 1295 again.
I’m still leaning bullish. Short-term buying has already pushed the price up from its lows. As long as it doesn’t decisively break below 1250, I think ZEC still has a chance to challenge 1295 again. If it breaks through, I’m looking at 1320, then 1350.
My futures trading plan:
Go long in batches around the current price of 1255–1265, starting with a small position. If it gets back above 1275, consider adding to the position.
First target: 1288.
Second target: 1320.
After a strong breakout above 1295, keep an eye on 1350.
Invalidation level: 1235. If it falls below that, I’ll exit this long trade.
I’m choosing to go long this time, not short. ZEC has already made a clear rebound, and I’m looking to catch the next leg up—not chase it after the move is over.
Do you think ZEC can break straight through 1295 this time, or will it first trade sideways between 1250 and 1295?
#zec #ZECUSDTAnalysis
$ZEC
This rebound in ZEC has been impressive. It climbed all the way from around 1120, reaching a high of about 1294 today. Now that it’s back around 1260, I’m focused on whether it can hold near 1250 and whether it can break above 1295 again.
I’m still leaning bullish. Short-term buying has already pushed the price up from its lows. As long as it doesn’t decisively break below 1250, I think ZEC still has a chance to challenge 1295 again. If it breaks through, I’m looking at 1320, then 1350.
My futures trading plan:
Go long in batches around the current price of 1255–1265, starting with a small position. If it gets back above 1275, consider adding to the position.
First target: 1288.
Second target: 1320.
After a strong breakout above 1295, keep an eye on 1350.
Invalidation level: 1235. If it falls below that, I’ll exit this long trade.
I’m choosing to go long this time, not short. ZEC has already made a clear rebound, and I’m looking to catch the next leg up—not chase it after the move is over.
Do you think ZEC can break straight through 1295 this time, or will it first trade sideways between 1250 and 1295?
#zec #ZECUSDTAnalysis
$ZEC