$ZEC / USDT – Explosive Breakout! 🚀
$ZEC is currently trading at $39.19, surging by an impressive +19.74%! The 4-hour chart shows a massive green candle breaking significantly above previous resistance levels with strong volume. This indicates a powerful bullish move.
Potential Continuation:
Observation: $ZEC has broken out decisively, suggesting strong buying interest and potential for further upward momentum.
Possible Trade Considerations (Exercise Caution Due to Volatility):
Entry: Consider potential entries on short-term pullbacks, looking for support around the $38.50 - $39.00 area.
Target 1: $40.00 (psychological level)
Target 2: $41.00 (recent high)
Final Target: Open target, watch for resistance levels as it climbs.
Stop Loss: Place a stop-loss below the breakout level, perhaps around $37.50 - $38.00, to manage risk.
Key Observation: The strong breakout with high volume is a significant bullish signal. However, such rapid gains can be followed by volatility. Trade with caution and manage your risk.
Remember to conduct your own thorough analysis before making any trading decisions. Have a great start to your Monday!
