🟢 $ZEC — SUPPLY REJECTION, BUT THE BULLISH TRENDLINE IS STILL INTACT!
Zcash ($ZEC ) has faced selling pressure after reaching its major supply zone around $1,385–$1,405. However, I'm not turning bearish just yet.
On the 1H chart, price has pulled back toward $1,310, but the ascending trendline is still holding. This is an important distinction: rejection from supply doesn't automatically mean a complete trend reversal.
📊 WHY AM I STILL WATCHING FOR A LONG?
Price continues to respect the ascending trendline, maintaining a structure of higher lows.
The 1H moving average around $1,305 provides additional nearby support.
Sellers rejected price from the $1,385–$1,405 supply zone.
A successful bounce from the current support could trigger another attempt toward the previous highs.
📈 MY ZEC LONG PLAN
Entry: $1,305–$1,320
Stop-Loss: $1,278
TP1: $1,350
TP2: $1,385
TP3: $1,430
🔍 WHAT COULD INVALIDATE THIS SETUP?
A decisive 1H candle close below the ascending trendline, followed by a failed retest, would weaken the bullish structure.
If that happens, I would watch $1,250 and potentially $1,200 as the next downside areas.
For now, I'm watching whether buyers can defend the trendline and moving average. If support holds, ZEC could regain bullish momentum and challenge the $1,400 supply zone again.
⚠️ This is a conditional trading setup, not a guaranteed reversal. Wait for confirmation and always manage your risk.
What's your view? Will ZEC break above $1,400, or will sellers push it back toward $1,250?
Follow for more market structure, technical analysis and high-quality trade setups.
Zcash ($ZEC ) has faced selling pressure after reaching its major supply zone around $1,385–$1,405. However, I'm not turning bearish just yet.
On the 1H chart, price has pulled back toward $1,310, but the ascending trendline is still holding. This is an important distinction: rejection from supply doesn't automatically mean a complete trend reversal.
📊 WHY AM I STILL WATCHING FOR A LONG?
Price continues to respect the ascending trendline, maintaining a structure of higher lows.
The 1H moving average around $1,305 provides additional nearby support.
Sellers rejected price from the $1,385–$1,405 supply zone.
A successful bounce from the current support could trigger another attempt toward the previous highs.
📈 MY ZEC LONG PLAN
Entry: $1,305–$1,320
Stop-Loss: $1,278
TP1: $1,350
TP2: $1,385
TP3: $1,430
🔍 WHAT COULD INVALIDATE THIS SETUP?
A decisive 1H candle close below the ascending trendline, followed by a failed retest, would weaken the bullish structure.
If that happens, I would watch $1,250 and potentially $1,200 as the next downside areas.
For now, I'm watching whether buyers can defend the trendline and moving average. If support holds, ZEC could regain bullish momentum and challenge the $1,400 supply zone again.
⚠️ This is a conditional trading setup, not a guaranteed reversal. Wait for confirmation and always manage your risk.
What's your view? Will ZEC break above $1,400, or will sellers push it back toward $1,250?
Follow for more market structure, technical analysis and high-quality trade setups.
