📈 $ZEC /USDT – Signs of Recovery After Heavy Sell-Off? 🧪🔍
Zcash ($ZEC) is showing early signs of stabilization, currently trading at $42.02 (+0.26%) on the 4H chart. After dipping to a low of $40.49, buyers are attempting to reclaim momentum near key Bollinger Band levels.
📊 Technical Overview:
• Bollinger Bands (4H):
• Upper: $45.45
• Middle: $42.95
• Lower: $40.44
• Price is recovering from near the lower band
• Volume is steady at 41.7K ZEC, showing signs of renewed interest
🎯 Trade Plan – Bounce Continuation Setup:
• Entry Zone: $41.80 – $42.20
• Take Profit 1: $42.95
• Take Profit 2: $44.20
• Take Profit 3: $45.45
• Stop Loss: $40.40
📌 Strategy Insight:
ZEC’s attempt to reclaim the middle band could lead to a recovery push. A clean 4H candle close above $42.95 with volume confirmation would strengthen the bullish case.
