I’m looking at $ZEC trying to recover after the sharp selloff, but the bounce is now approaching the MA60 at 968.19. For me, that moving average is the key area—price is still below it, so I’d want to see how the market reacts there before chasing the recovery.
The visible low around 951.63 shows where buyers stepped in, while the rebound has pushed price back toward 964.95. If ZEC gets rejected around 968–972, the setup could favor another move lower.
📍 Entry: 966–972
🎯 TP1: 961.86
🎯 TP2: 956.75
🎯 TP3: 951.63
🛑 Invalidation: Above 972.07
If price breaks and holds above 972.07, I’d step away from this setup because the rejection idea would be losing its structure.
I’m waiting for a clear reaction around the MA60 rather than forcing an entry. The bounce is there, but confirmation matters here.
The visible low around 951.63 shows where buyers stepped in, while the rebound has pushed price back toward 964.95. If ZEC gets rejected around 968–972, the setup could favor another move lower.
📍 Entry: 966–972
🎯 TP1: 961.86
🎯 TP2: 956.75
🎯 TP3: 951.63
🛑 Invalidation: Above 972.07
If price breaks and holds above 972.07, I’d step away from this setup because the rejection idea would be losing its structure.
I’m waiting for a clear reaction around the MA60 rather than forcing an entry. The bounce is there, but confirmation matters here.