đ„ $ZEC Tactical Bounce Play on 1-Hour Timeframe đ„
Despite the clear downtrend, $ZEC presents a high-probability tactical long opportunity based on several technical signals:
Key Technical Factors:
Trend: Bearish overall, but extreme oversold conditions (RSI 6 < 10) suggest a potential bounce.
Indicators: Bollinger Band squeeze indicates low volatility and potential for a sharp move.
Volume: Divergence with declining volume on sell-offs and spike volume during drop to 362 signals capitulation and drying selling pressure.
Support: The 358.5 level has held multiple tests, acting as a strong risk anchor.
Trade Setup:
Entry:
âą Near current levels: 366 â 368
âą Or on confirmed break above 370 with volume confirmation
âą Alternatively, wait for a retest of 358.5 support for a higher risk-reward entry
Stop Loss: 354 (accounts for ATR of 5.20 and proximity to key support)
Target Price: 385 â 390 (aligned with middle Bollinger Band and previous resistance)
đ Click Here To Buy And Trade $ZEC đ
Risk Management:
A break below 355 invalidates the bounce thesis and signals continuation toward 343.
Use stop loss strictly to protect capital.
Summary:
This setup offers a tactical long opportunity within a bearish context, capitalizing on oversold conditions, volume signals, and strong support. Careful monitoring of price action and volume confirmation is essential.
â ïž DYOR â Always trade with proper risk management.
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