Latest, ZECUSDT just printed a massive 4H reclaim candle, surging +7.88% to $1,187 after aggressively sweeping liquidity down near $1,060. The immediate battleground is the $1,228 resistance box.
The chart shows a classic liquidity sweep below the $1,100 range, trapping late shorts and forcing a sharp reversal. The aggressive bounce back to $1,187 signals strong buyer absorption at these levels. However, chasing this massive green candle blindly is a trap. The $1,228 level is the major structural hurdle. If bulls can force a 4H close above $1,228, it opens the door for a continuation toward the 1,280 local high. Conversely, if price gets rejected exactly at this resistance box and loses the $1,100-$1,120 support area, the bullish thesis is invalidated, and we could see another leg down. I am waiting for a confirmed breakout above 1,228 or a controlled retest of the 1,120 support to enter with a favorable risk-to-reward ratio.
Futures Decision (Setup Being Watched):
· Direction: LONG $ZEC
· Confirmation: 4H candle close above 1,228
· Invalidation: 4H close below 1,100
· Potential Targets: 1,280, then 1,320
· Risk Consideration: Volatility is high. Entering at current price (1,187) without a breakout confirmation leaves you vulnerable to a rejection at the 1,228 resistance. Wait for the market to prove itself.
Are you waiting for the 1,228 breakout confirmation or fading this rally? Follow for more futures market analysis.
Trade here 👇🏻
The chart shows a classic liquidity sweep below the $1,100 range, trapping late shorts and forcing a sharp reversal. The aggressive bounce back to $1,187 signals strong buyer absorption at these levels. However, chasing this massive green candle blindly is a trap. The $1,228 level is the major structural hurdle. If bulls can force a 4H close above $1,228, it opens the door for a continuation toward the 1,280 local high. Conversely, if price gets rejected exactly at this resistance box and loses the $1,100-$1,120 support area, the bullish thesis is invalidated, and we could see another leg down. I am waiting for a confirmed breakout above 1,228 or a controlled retest of the 1,120 support to enter with a favorable risk-to-reward ratio.
Futures Decision (Setup Being Watched):
· Direction: LONG $ZEC
· Confirmation: 4H candle close above 1,228
· Invalidation: 4H close below 1,100
· Potential Targets: 1,280, then 1,320
· Risk Consideration: Volatility is high. Entering at current price (1,187) without a breakout confirmation leaves you vulnerable to a rejection at the 1,228 resistance. Wait for the market to prove itself.
Are you waiting for the 1,228 breakout confirmation or fading this rally? Follow for more futures market analysis.
Trade here 👇🏻
