$ZEC /USDT SHOWS STRONG BULLISH MOMENTUM โ POTENTIAL LONG ENTRY SETUP FORMING๐ค๐๐ง
Zcash (
$ZEC /USDT) has broken out of a consolidation range with a sharp upside move, confirming bullish momentum. The price surged from recent lows near 187 to a high of 273.75, supported by a 17.10% daily gain and strong volume (659K ZEC traded), signaling buyer dominance.
TECHNICAL OUTLOOK:
24H Structure: Breakout above key resistance at 242.50, now acting as support.
Indicators:
MACD showing strong bullish crossover and increasing histogram.
EMA Alignment: Price trading well above short- and mid-term EMAs.
Volume Surge: Consistent with a breakout pattern.
Bollinger Bands: Expanding, indicating increased volatility and trend continuation.
SAR (Parabolic SAR): Dots positioned below price, confirming bullish trend.
LONG ENTRY SETUP:
Entry Zone: 262 โ 268 (pullback or consolidation buy zone)
Targets (TP):
TP1: 282
TP2: 298
TP3: 315
Stop Loss (SL): 248 (below breakout support)
RISK MANAGEMENT:
Risk 1-2% of your capital per trade. Maintain favorable R:R ratio (minimum 1:2). Stick to stop loss and avoid over-leveraging.
#ZECAnalysis #CryptoBreakouts #AltcoinSeason #BullishCrypto $ZEC