$ZEC executed a sharp expansion off its local consolidation low on the 1-hour chart, driving higher to test near the $1,250 level.
The price has built a solid horizontal demand shelf around the $1,100 – $1,120 region, which marks the primary support zone where buyers recently stepped in to reverse the prior pullback.
The technical roadmap points to a corrective downswing back toward this demand floor for a structural retest before triggering a secondary expansion wave toward upper targets around $1,360.
Buying directly into current resistance carries a poor risk-to-reward ratio, making a patient entry near the lower demand shelf the higher-probability setup.
#ZEC #Privacy #Altcoin Season#
The price has built a solid horizontal demand shelf around the $1,100 – $1,120 region, which marks the primary support zone where buyers recently stepped in to reverse the prior pullback.
The technical roadmap points to a corrective downswing back toward this demand floor for a structural retest before triggering a secondary expansion wave toward upper targets around $1,360.
Buying directly into current resistance carries a poor risk-to-reward ratio, making a patient entry near the lower demand shelf the higher-probability setup.
#ZEC #Privacy #Altcoin Season#
