$ZEC BOUNCES BACK — IS A BIGGER RECOVERY COMING?
After a sharp sell-off, $ZEC found strong buying interest around $1,130 and rebounded towards $1,187.
But don't get too excited yet! Bears are still defending the resistance zone. Chasing the pump could be risky.
Key Levels to Watch:
Resistance: $1,187–$1,190
Next Target: $1,218
Support: $1,156–$1,164
Major Support: $1,130
BULLISH SCENARIO: If ZEC secures a strong 1H candle close above $1,190 with solid volume and successfully retests that level, a move towards $1,218 could be next.
BEARISH SCENARIO: If price gets rejected around $1,187–$1,190 and loses $1,156, another drop towards $1,130 becomes possible.
MY STRATEGY: Patience is key! I'll wait for a confirmed breakout or breakdown before taking any position. No FOMO, no blind entries!
What's your move — LONG or SHORT on $ZEC ?
ZEC Zcash CryptoTrading BinanceSquare
After a sharp sell-off, $ZEC found strong buying interest around $1,130 and rebounded towards $1,187.
But don't get too excited yet! Bears are still defending the resistance zone. Chasing the pump could be risky.
Key Levels to Watch:
Resistance: $1,187–$1,190
Next Target: $1,218
Support: $1,156–$1,164
Major Support: $1,130
BULLISH SCENARIO: If ZEC secures a strong 1H candle close above $1,190 with solid volume and successfully retests that level, a move towards $1,218 could be next.
BEARISH SCENARIO: If price gets rejected around $1,187–$1,190 and loses $1,156, another drop towards $1,130 becomes possible.
MY STRATEGY: Patience is key! I'll wait for a confirmed breakout or breakdown before taking any position. No FOMO, no blind entries!
What's your move — LONG or SHORT on $ZEC ?
ZEC Zcash CryptoTrading BinanceSquare
