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$ZEC AT A MAJOR SUPPORT ZONE! Reversal Is Loading or Will the Bleeding Continue? 📉🔥
Look at the 1H chart right now! Zcash (
$ZEC ) has completed a heavy correction from its local peak of $544.28 and is currently consolidating around the $440.76 area. This is a crucial psychological and technical support zone.
The selling momentum is starting to flatten out, indicating that the bears are running out of steam at these oversold levels. If ZEC manages to hold this base and trigger a double-bottom pattern, we could see a powerful relief rally back toward the major resistance zones.
Do not risk your entire capital on a single entry. Play it safe by using these split-entry zones to ride the potential bounce:
Entry 1 (Market): $435.0 - $443.0 💰
Entry 2 (Limit/DCA): $410.0 - $422.0 💰
Take Profit 1: $465.0 🎯
Take Profit 2: $495.0 🎯
Take Profit 3: $530.0 🚀
Stoploss: $395.0 🛑
Are you longing the bounce on ZEC here or waiting for lower targets? Drop your thoughts below! 👇⚡
#zec