$ZEC came back to retest its 4H breakout - and held 👀
Price dipped back to around 1,239 - the level it broke through - and the 4H candle closed back above it at 1,249. That's the retest holding, which is what I wanted to see instead of a quick fade.
If #ZEC keeps closing above 1,239, the 1,256–1,277 area is the next zone on the chart. A 4H close back under 1,208 would turn this into a fade.
On the record, ZEC's setup is still judged on one line only: a daily close below 1,049.
Original breakout post: https://www.binance.com/square/post/381499457539393
Level held - does ZEC print a new higher high from here? 👇
Research, not advice. #CryptoEdge #MarketStructure
Full track record: https://cryptoedge-therecord.rkkiran4me.workers.dev
Price dipped back to around 1,239 - the level it broke through - and the 4H candle closed back above it at 1,249. That's the retest holding, which is what I wanted to see instead of a quick fade.
If #ZEC keeps closing above 1,239, the 1,256–1,277 area is the next zone on the chart. A 4H close back under 1,208 would turn this into a fade.
On the record, ZEC's setup is still judged on one line only: a daily close below 1,049.
Original breakout post: https://www.binance.com/square/post/381499457539393
Level held - does ZEC print a new higher high from here? 👇
Research, not advice. #CryptoEdge #MarketStructure
Full track record: https://cryptoedge-therecord.rkkiran4me.workers.dev
