đ ZEC â SHORT-TERM RETRACEMENT & MA SUPPORT TEST! đ»
$ZEC (Zcash) is trading lower at 1,175.09 (-4.09%, or roughly Rs325,358.92), moving within an active 24-hour range between a high of 1,227.20 and a low of 1,130.79. Price action on this 4-hour chart shows a corrective pullback following a rejection from higher structural resistance zones, currently slipping just beneath the fast MA(7) (1,164.90) and MA(25) (1,183.37) lines while testing levels below the macro structural MA(99) (1,261.58) band.
đ QUICK TRADE PLAN â 4H
đą LONG ENTRY: 1,120.00â1,170.00 (on confirmed volume absorption and structural defense near local swing lows)
đ STOP LOSS: 1,090.00
đŻ TP1: 1,250.00
đŻ TP2: 1,340.00
Are you watching for a strong defense and reversal bounce off these support levels on Zcash, or waiting for a clean reclaim of the short-term moving averages? Let's discuss below! đ
đ Trade: $ZEC
#zcash #ZEC #cryptotrading #BinanceSquare #bearish
$ZEC (Zcash) is trading lower at 1,175.09 (-4.09%, or roughly Rs325,358.92), moving within an active 24-hour range between a high of 1,227.20 and a low of 1,130.79. Price action on this 4-hour chart shows a corrective pullback following a rejection from higher structural resistance zones, currently slipping just beneath the fast MA(7) (1,164.90) and MA(25) (1,183.37) lines while testing levels below the macro structural MA(99) (1,261.58) band.
đ QUICK TRADE PLAN â 4H
đą LONG ENTRY: 1,120.00â1,170.00 (on confirmed volume absorption and structural defense near local swing lows)
đ STOP LOSS: 1,090.00
đŻ TP1: 1,250.00
đŻ TP2: 1,340.00
Are you watching for a strong defense and reversal bounce off these support levels on Zcash, or waiting for a clean reclaim of the short-term moving averages? Let's discuss below! đ
đ Trade: $ZEC
#zcash #ZEC #cryptotrading #BinanceSquare #bearish