๐ $ZEC (Zcash) Daily Chart: Big Reversal Zone Ahead? ๐
$ZEC has dropped about 38.67% from its recent high and is now trading near 1,155 on the 1D chart, sitting right above a major daily support at 1,041.
๐ Key levels:
๐ข Major support: 1,041
๐ฏ Potential rebound target: ~70% move from support (toward the 1,700-1,800 area)
๐ง My idea:
After a steady downtrend, price is approaching a strong demand zone. A liquidity sweep below 1,041, followed by a reclaim of that level, could set up a sharp reversal. If buyers defend this zone, the upside move could be big.
๐ฌ Do you think $ZEC bounces from here, or goes lower first? Share your view ๐
๐ Like and follow for more setups.
#ZEC #cryptotrading #TechnicalAnalysis #BinanceSquare #altcoins
$ZEC has dropped about 38.67% from its recent high and is now trading near 1,155 on the 1D chart, sitting right above a major daily support at 1,041.
๐ Key levels:
๐ข Major support: 1,041
๐ฏ Potential rebound target: ~70% move from support (toward the 1,700-1,800 area)
๐ง My idea:
After a steady downtrend, price is approaching a strong demand zone. A liquidity sweep below 1,041, followed by a reclaim of that level, could set up a sharp reversal. If buyers defend this zone, the upside move could be big.
๐ฌ Do you think $ZEC bounces from here, or goes lower first? Share your view ๐
๐ Like and follow for more setups.
#ZEC #cryptotrading #TechnicalAnalysis #BinanceSquare #altcoins