$ZEC Price Analysis: Holding Above MA60 — Is Another Push Coming?

I'm watching ZEC closely around 1,136.54. Price has recovered from the visible intraday lows near 1,120 and is now trading slightly above the MA60 at 1,135.49.

The recovery looks interesting, but I'm not convinced buyers have full control yet.

ZEC recently pushed toward 1,138.51 before pulling back. Price is now hovering around the moving average, while volume appears relatively quiet. I'd prefer confirmation above nearby resistance rather than chasing the current move.

My Trade Setup (Conditional LONG)

📍 Entry: Above 1,138.51 after a confirmed breakout.

🎯 TP1: 1,143.13

🎯 TP2: 1,184.95 (24h high, extended target)

🛑 Invalidation: Below 1,133.90

A sustained move below 1,133.90 would weaken the immediate bullish structure and put the MA60 recovery into question.

The bigger picture still requires caution. ZEC is showing a 3.76% decline over 24 hours, so this intraday recovery hasn't established a broader bullish reversal.

For now, I'm watching how price reacts around 1,135.49–1,138.51. A clean breakout would make the long setup more attractive. Otherwise, I'd rather stay patient than force an entry.