$ZEC / USDT is currently trading at $41.80, recovering from intraday lows around $37.92. The recent price action shows that ZEC has broken above its short-term consolidation range of $38–$39, indicating a bullish breakout accompanied by growing momentum.
Support & Resistance
Support Levels:
$38.97–$39.06: Confirmed by Fibonacci retracement and recent consolidation breakout.
$35–$38: Broader support zone, providing a buffer in case of deeper pullbacks.
Resistance Levels:
$42.50–$43.50: Immediate resistance cluster, reinforced by EMA levels.
$47: Longer-term resistance and potential upside target following a wedge pattern breakout.
Entry Zones:
Traders may consider entering positions between $41.00–$41.50, taking advantage of the momentum from the recent breakout above $39.
Take-Profit Targets:
TP1: $43.00–$43.50, aligned with EMA resistance and short-term reaction areas.
TP2: $47.00, corresponding to longer-term structural resistance.
Stop-Loss:
Set stop-loss just below the breakout level at $39.00, or more conservatively at $38.90, to manage risk from potential false breakouts.
This setup provides a clear roadmap for riding ZEC’s bullish momentum while maintaining disciplined risk management.