š $ZEC Breakout ā Next Move?
š¹ Bullish Setup:
š Entry: $36.00 - $36.60 (Buy on dips)
šÆ TP1: $37.50
šÆ TP2: $38.80
š SL: $35.50
ā Confirmation: Holding above $36.00 with rising volume
š» Bearish Setup:
š Entry: $36.50 - $37.00 (Short if rejection confirmed)
šÆ TP1: $35.50
šÆ TP2: $34.00
š SL: $37.50
ā Confirmation: Weak bounce and loss of momentum below $37.00
š Key Insights:
$ZEC gained 14.38%, peaking at $37.29 before stabilizing.
RSI at 64.54, indicating strength but nearing overbought territory.
MACD shows declining bullish momentum ā watch for trend shifts.
š Trading Plan:
Bullish Bias: Look for a bounce from $36.00 with strong buying volume.
Bearish Scenario: If $37.00 acts as resistance, expect a pullback.
Secure profits at TP1 and adjust SL to minimize risk.
š¢ Your Turn!
Will $ZEC continue its run or face a correction? Drop your thoughts! ššš
DYOR š