$ZEC is setting up nicely on the 1H chart! 📊
Looking at the current price action, it is cleanly following an ascending trendline and steadily approaching a major resistance zone. The volume profile is currently flat, which often precedes a larger move.
Will it gather enough volume to push through the resistance, or are we looking at a trendline breakdown?
Key levels on my radar:
🎯 Resistance to clear ➔ 1,245.12
🛡️ Major Support ➔ 1,112.57
$ZEC
💡 Quick Tip: Never front-run a breakout. Always wait for volume confirmation and a solid candle close to avoid fakeouts.
What is your strategy here? Let me know your thoughts! 👇
NFA | DYOR
Looking at the current price action, it is cleanly following an ascending trendline and steadily approaching a major resistance zone. The volume profile is currently flat, which often precedes a larger move.
Will it gather enough volume to push through the resistance, or are we looking at a trendline breakdown?
Key levels on my radar:
🎯 Resistance to clear ➔ 1,245.12
🛡️ Major Support ➔ 1,112.57
$ZEC
💡 Quick Tip: Never front-run a breakout. Always wait for volume confirmation and a solid candle close to avoid fakeouts.
What is your strategy here? Let me know your thoughts! 👇
NFA | DYOR