$ZEC /USDT โ Short-Term Recovery Setup ๐
I'm watching ZEC attempt a small recovery after pulling back toward 1,237.92. Price is now around 1,239.75, and the latest volume bars show some renewed buying activity, but I'm not ready to call this a confirmed reversal while price remains below the declining MA60.
For me, 1,240.98 is the first level to watch, followed by the MA60 around 1,250.33. I'd like to see price reclaim nearby resistance with sustained buying volume before considering a stronger move upward.
๐ Entry: 1,239.50โ1,240.00, only if price holds and buying momentum continues.
๐ฏ TP1: 1,240.98
๐ฏ TP2: 1,244.03
๐ฏ TP3: 1,250.13, if momentum carries price toward the MA60 resistance area.
๐ Invalidation: Below 1,237.92.
If price loses 1,237.92, I'd step away from this setup because the recent recovery attempt could fail and selling pressure may return.
The setup is still tentative. The latest green volume bars are encouraging, but the overhead moving average remains a hurdle. I'd wait for confirmation rather than chase a small bounce without follow-through.
I'm watching ZEC attempt a small recovery after pulling back toward 1,237.92. Price is now around 1,239.75, and the latest volume bars show some renewed buying activity, but I'm not ready to call this a confirmed reversal while price remains below the declining MA60.
For me, 1,240.98 is the first level to watch, followed by the MA60 around 1,250.33. I'd like to see price reclaim nearby resistance with sustained buying volume before considering a stronger move upward.
๐ Entry: 1,239.50โ1,240.00, only if price holds and buying momentum continues.
๐ฏ TP1: 1,240.98
๐ฏ TP2: 1,244.03
๐ฏ TP3: 1,250.13, if momentum carries price toward the MA60 resistance area.
๐ Invalidation: Below 1,237.92.
If price loses 1,237.92, I'd step away from this setup because the recent recovery attempt could fail and selling pressure may return.
The setup is still tentative. The latest green volume bars are encouraging, but the overhead moving average remains a hurdle. I'd wait for confirmation rather than chase a small bounce without follow-through.