ZEC Holds Critical Support, Signaling Potential Upside
Analysis: $ZEC /USDT
After a period of consolidation, ZEC has demonstrated a decisive reclaim of a higher-timeframe support zone. Price action indicates a notable weakening of selling pressure, with absorption patterns forming as buyers defend this key demand area. The stabilization above this level, rather than an extension lower, suggests a potential shift in momentum favoring the bulls.
Trade Rationale:
The core thesis hinges on the successful defense of this established support structure. A sustained hold above this zone, coupled with evidence of buyer absorption, paves the way for a continuation move toward higher resistance levels. This scenario is invalidated should price accept a sustained break below the support zone.
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Position Overview
· Instrument: ZEC/USDT
· Bias: Long
· Entry Zone: $233.00 – $238.00
· Stop Loss: $219.00 (below the key demand zone)
· Profit Targets:
· TP1: $255.00
· TP2: $290.00
· TP3: $340.00
