$ZEC Analysis, Key Levels & Trading Srtup
Key Levels:
Support: $40-$42 (strong historical support), $45-$47 (broken trendline support).
Resistance: $50-$52 (next psychological and technical resistance), $60 (previous high).
Target: If the breakout holds, $55-$60 could be a realistic short-term target.
Trading Setup:
Entry: Consider entering a long position on a confirmed close above $47 with strong volume, or on a retest of the broken trendline ($45-$47) acting as support.
Stop Loss: Place below $40 to protect against a false breakout.
Take Profit: Target $55 initially, with an option to trail stops to $60 if momentum continues.