Are we expecting a breakout above $1,230 soon, or will we see a retest of support? 👇
🔥 Quick update and analysis for #zec on the 1-hour timeframe (1h)
Following the rapid decline and the price testing the low at $1,120.01, the pair is now showing strong signs of a corrective rebound, moving above $1,197.35 amid a notable improvement in trading volume and buy contracts (Net Longs).
💡 Key technical points:
* Nearest key support: the $1,150–$1,170 zone (which provides support for the short-term moving averages).
* Next resistance: a breakout above the upper Bollinger Band puts the main target near the moving average (MA99), around $1,232.
* The current rebound is positive for short-term price action, but stability and holding above support zones will determine whether the corrective move can continue toward previous highs.
The market is inherently volatile. Always stick to your trading plan, set your stop-losses, and don’t rely on random entries.
#ZECUSDT #Binance #BinanceSquareTalks #BTC $ZEC
🔥 Quick update and analysis for #zec on the 1-hour timeframe (1h)
Following the rapid decline and the price testing the low at $1,120.01, the pair is now showing strong signs of a corrective rebound, moving above $1,197.35 amid a notable improvement in trading volume and buy contracts (Net Longs).
💡 Key technical points:
* Nearest key support: the $1,150–$1,170 zone (which provides support for the short-term moving averages).
* Next resistance: a breakout above the upper Bollinger Band puts the main target near the moving average (MA99), around $1,232.
* The current rebound is positive for short-term price action, but stability and holding above support zones will determine whether the corrective move can continue toward previous highs.
The market is inherently volatile. Always stick to your trading plan, set your stop-losses, and don’t rely on random entries.
#ZECUSDT #Binance #BinanceSquareTalks #BTC $ZEC
