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$ZEC — Ascending Triangle Alert! 🔺💥
Looks textbook — higher lows are compressing into a flat resistance: that’s an ascending triangle (bullish continuation). Watch for a clean break & close above the horizontal resistance with rising volume — that’s your signal.
Trade plan (generic / apply to current price):
Entry: Break & daily/4H close above resistance (or enter on retest).
Stop-Loss: Just below the ascending trendline / recent swing low.
Targets:
T1: Resistance + (triangle height × 0.65) — first realistic aim.
T2: Resistance + (triangle height) — measured move target.
T3: Resistance + (triangle height × 1.5) — extended run if momentum explodes.
How to measure the triangle height: distance between the horizontal resistance and the lowest swing inside the triangle. Add that to the breakout price for your measured targets.
Confirmation cues: rising volume on breakout, RSI resolving up (not overbought), and a successful retest of the breakout level.
Risk management: keep exposure 2–5% of portfolio, move SL to breakeven after T1, trail profits with higher lows.
💎 Short, sharp, and ready — if you drop the current price & resistance level I’ll convert this into exact entry/SL/targets. DYOR and trade smart.
$ZEC #zec