💎Technical Analysis: ZCash (ZEC)
❗️In the current ZEC chart, we see a rather rare and interesting situation. After a rapid impulse, the price corrected but did not fall below 61% of the maximum – this is a good signal for potential purchases.
How to trade? ↗️📉
⏺ Open a buy at the current price or after a slight correction to it.
⏺ Set the stop-loss below the level of the last reversal.
⏺ Place the take-profit slightly below the maximum formed by the previous impulse.
⏺ The profit/risk ratio looks attractive, allowing for standard volume to be used for the trade.
Conclusion: ZEC appears ready for a new growth impulse. The price is currently trying to move upward, and technical indicators show a favorable moment for entering the market.
