Momentum is building beneath resistance... and bulls are looking for one more push higher.
$ZEC /USDT – LONG
Trade Plan
Entry: $660.00 – $668.00
SL: $648.00
TP1: $686.84
TP2: $710.00
TP3: $740.00
Why This Setup?
15M Structure: ZEC continues to hold higher lows on the intraday chart, showing that buyers are absorbing pullbacks and maintaining short-term control.
Price Positioning: Trading close to resistance without a sharp rejection is often a sign of strength, as buyers remain willing to enter at elevated levels.
MA Context: Short-term moving averages remain aligned to the upside, supporting bullish continuation as long as price stays above local structure support.
RSI Context: RSI remains firm and is holding in bullish territory, indicating momentum still favors buyers despite approaching resistance.
Volume Behavior: Buy-side participation remains healthy during advances, while pullbacks are occurring on relatively lighter volume, a positive sign for bulls.
Daily Context: A successful breakout above $686.84 could expose higher liquidity zones and attract additional momentum traders into the move.
As long as $637.06 support remains intact, the path of least resistance favors upside expansion toward new short-term highs.
Debate:
Will ZEC break above $686.84 and trigger another bullish impulse toward $740...
Or will resistance hold and force a deeper pullback before the next breakout attempt?
Click Trade here 👇
