Zcash ($ZEC ) just smashed through the $470 barrier and is holding above $500 with solid volume 🔥
The trend looks strong, and bulls are clearly in control.
📈 Entry: $495 – $510
🎯 Targets: $540 / $575 / $620
🛑 Stop: $470
💡 Why This Setup Works
✅ Clean breakout with volume confirmation — no fake wick, strong follow-through.
✅ Momentum alignment across EMAs — trend strength confirmed.
✅ RSI not overextended — space for continuation.
✅ Market context — large caps and privacy coins showing renewed rotation, favoring continuation setups like ZEC.
📊 Technical Overview $ZEC
1. Breakout from Range:
ZEC just broke out of the $445–$470 consolidation range with strength. That zone acted as resistance for several days, and today’s +6% move confirms a range breakout supported by strong volume.
2. Volume Confirmation:
Volume surged significantly as price pushed above $500 — that’s classic breakout volume behavior, signaling fresh buyers stepping in.
3. Momentum Alignment:
EMA Stack: Price trading above 20 EMA, 50 EMA, and 200 EMA → clean uptrend alignment.
RSI: Around 68–70 — strong but not extreme, suggesting more upside before overbought.
MACD: Just printed a bullish cross on the 4H chart, confirming trend continuation.
4. Structure:
After this breakout, ZEC is forming a potential continuation leg toward mid-term resistance at $550–$575.
Trade Management Plan
If ZEC retests $495–$500, look for bounce confirmation before adding.
Move stop to breakeven after Target 1 ($540) is hit.
Take 50% profit at $575 and trail remainder with 20 EMA (4H).
If BTC volatility spikes, tighten stops to protect capital.
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