🚀From the 5-minute $ZEC /USDT chart you shared:👇
Current price: 489.19
Recent swing low: 487.80
Near resistance: 489.90
Higher resistance: 490.66–491.24
The chart shows a short-term recovery after the 487.80 low, but it has not yet clearly broken resistance.
Buying setup
1. Safer entry — breakout
Wait for a 5m candle to close above 489.90
Entry: around 490.00–490.15 after confirmation/retest
Stop-loss: 488.90–489.00
TP1: 490.65
TP2: 491.20–491.40
2. Better risk/reward — pullback
If price falls back toward 488.40–488.70 and holds that area with a bullish 5m candle, that is a more attractive buy zone.
Entry: 488.40–488.70
SL: 487.70
TP1: 489.20
TP2: 489.90
TP3: 490.60+
I would not chase at 489.19 right now. You're sitting between support and resistance. I'd prefer either a confirmed break above 489.90 or a pullback that holds around 488.4–488.7.
The 487.80 level is important: if price breaks and closes below it, the bullish setup is invalidated and I'd avoid a long until a new setup forms.
This is a technical setup based only on your screenshot, not a guaranteed trade signal. Crypto can move very quickly, so keep the position size small enough that the stop-loss is acceptable.this is not funachal advice. #zec #trend #crypto #COWRises55.77%In24h
Current price: 489.19
Recent swing low: 487.80
Near resistance: 489.90
Higher resistance: 490.66–491.24
The chart shows a short-term recovery after the 487.80 low, but it has not yet clearly broken resistance.
Buying setup
1. Safer entry — breakout
Wait for a 5m candle to close above 489.90
Entry: around 490.00–490.15 after confirmation/retest
Stop-loss: 488.90–489.00
TP1: 490.65
TP2: 491.20–491.40
2. Better risk/reward — pullback
If price falls back toward 488.40–488.70 and holds that area with a bullish 5m candle, that is a more attractive buy zone.
Entry: 488.40–488.70
SL: 487.70
TP1: 489.20
TP2: 489.90
TP3: 490.60+
I would not chase at 489.19 right now. You're sitting between support and resistance. I'd prefer either a confirmed break above 489.90 or a pullback that holds around 488.4–488.7.
The 487.80 level is important: if price breaks and closes below it, the bullish setup is invalidated and I'd avoid a long until a new setup forms.
This is a technical setup based only on your screenshot, not a guaranteed trade signal. Crypto can move very quickly, so keep the position size small enough that the stop-loss is acceptable.this is not funachal advice. #zec #trend #crypto #COWRises55.77%In24h
