$ZEC / USDT | Bulls Defending the Privacy Stronghold 🐂🚀
Parameters (1H / Futures):
Type: Long (Bounce Play) 🟢
Entry Zone: $361.00 – $373.00 (Loading at primary structural support) 🎯
Take Profits:
TP1: $396.00 (Local resistance / Quick scalp) 💰
TP2: $416.00 (Breakout confirmation zone) 💰💰
TP3: $449.00 (Major swing target) 💰💰💰
Stop Loss:
Stop Loss: $345.00 🛑 (Below the invalidation zone)
Rationale:
As of January 29, 2026,
$ZEC is trading around $372.83, hovering right above its most critical support level of the month. While the short-term indicators (RSI at 35.7) suggest a bearish struggle, the On-Chain data tells a different story: Whales are accumulating. Large holders have been aggressively withdrawing coins from exchanges, creating a supply squeeze in private wallets. 🐋
Despite the "Red Wave" in the broader market, Zcash is forming a potential Bear Trap near the $361 level. If the bulls can hold this base, we expect a sharp short-squeeze toward the $400+ range, fueled by institutional interest and the "shielded transaction" growth narrative.
Tags:
#zec #zcash #LongSetup