$ZEC 1H V-SHAPED RECOVERY 📉➡️📈 ... Bulls Are Fighting Back!
$ZEC took a heavy hit, dumping from a local high of 1,289.84 down to a 24h low of 1,120.01. But look at the chart now buyers stepped in aggressively at the bottom, forming a strong V-shaped bounce. Currently trading around 1,190.97 (-3.90%).
Price is now testing a local resistance zone after a sharp recovery. A strong continuation here could push price towards 1,223.61 – 1,260.97.
If momentum returns, a full recovery towards 1,298.34 is possible.
As long as 1,120.01 holds as the new support floor, I still see a chance for a push higher.
Still risky ... Buyers need to break and hold above 1,223.61 first.
Use stop loss while trading.
Trade on $ZEC
$ZEC took a heavy hit, dumping from a local high of 1,289.84 down to a 24h low of 1,120.01. But look at the chart now buyers stepped in aggressively at the bottom, forming a strong V-shaped bounce. Currently trading around 1,190.97 (-3.90%).
Price is now testing a local resistance zone after a sharp recovery. A strong continuation here could push price towards 1,223.61 – 1,260.97.
If momentum returns, a full recovery towards 1,298.34 is possible.
As long as 1,120.01 holds as the new support floor, I still see a chance for a push higher.
Still risky ... Buyers need to break and hold above 1,223.61 first.
Use stop loss while trading.
Trade on $ZEC
