$ZEC /USDT 1H chart details and price action (currently around $39.70, with MAs noted), here’s a multi-timeframe trade setup for Zcash:
ZEC/USDT Trade Setup (1H–4H Focus)
Trend Context:
Price is currently above the short-term MAs (7 & 25), indicating bullish momentum.
MA 99 is far below at $36.28, which suggests a potential mean-reversion target on pullbacks, but short-term trend is positive.
Key psychological resistance at $40.00–$40.50.
Bullish Setup (Momentum Breakout):
Entry: Break and close above $40.50 on 1H with volume
Confirmation: Candle close with rising RSI above 60 and volume spike
Targets:
TP1: $41.80 (previous swing high zone)
TP2: $43.50 (next significant resistance)
Stop Loss: $39.20 (just under consolidation zone)
Support Bounce Setup:
Entry: $38.60–$39.00 (support from SMA 9 and MA 25)
Confirmation: Hammer or bullish engulfing candle near support
Targets:
TP1: $40.20
TP2: $41.50
Stop Loss: $37.80
Bearish Setup (Rejection at $40.50):
Entry: $40.30–$40.50 (if rejection candles form)
Confirmation: Long upper wicks, bearish divergence on RSI
Targets:
TP1: $38.80
TP2: $37.20
Stop Loss: $41.00
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