I'm looking at $ZEC grinding steadily upward, currently sitting at 1,167.06 near its 24h high of 1,171.50 while holding comfortably above the MA60 line at 1,155.73. The structure shows consistent higher lows, though volume remains light as price approaches overhead resistance.
Price is stretching right into the 1,171.50 daily resistance zone after bouncing cleanly off the 1,049.01 low. I'd like to see a controlled dip back toward the dynamic MA60 support level around 1,155 for a better risk-reward entry, rather than buying directly into the high. A breakdown below the MA60 would shift momentum back down and invalidate the immediate push.
Trade idea:
📍 Entry: 1,155 - 1,160
🎯 TP1: 1,171
🎯 TP2: 1,185
🎯 TP3: 1,200
🛑 Invalidation: 1,145
A drop below 1,145 breaks the recent structural higher low and indicates the rally is losing momentum.
Watching for a pullback or clear breakout reaction rather than forcing an entry at the top.
Price is stretching right into the 1,171.50 daily resistance zone after bouncing cleanly off the 1,049.01 low. I'd like to see a controlled dip back toward the dynamic MA60 support level around 1,155 for a better risk-reward entry, rather than buying directly into the high. A breakdown below the MA60 would shift momentum back down and invalidate the immediate push.
Trade idea:
📍 Entry: 1,155 - 1,160
🎯 TP1: 1,171
🎯 TP2: 1,185
🎯 TP3: 1,200
🛑 Invalidation: 1,145
A drop below 1,145 breaks the recent structural higher low and indicates the rally is losing momentum.
Watching for a pullback or clear breakout reaction rather than forcing an entry at the top.