$ZEC /USDT AT MAJOR CROSSROADS - BREAKOUT IMBALANCE! โ๏ธโก
CURRENT PRICE: $239.86 (Nearly Unchanged)
KEY TECHNICAL LEVELS:
โ๏ธ CRITICAL RESISTANCE ZONE: $250 - $300 (Must break for bullish trend)
๐ก๏ธ MAJOR SUPPORT ZONE: $200 - $150 (Historical Base)
CHART ANALYSIS: Price is in a MASSIVE CONSOLIDATION RANGE between $150 and $300 after a historic rally. Current price is stuck near the MID-POINT, showing indecision. The chart is in a NEUTRAL/BULLISH BIAS only above $250. Until then, range-bound action dominates.
TRADE SETUP - RANGE PLAY ๐
Scenario 1: LONG (On Support Bounce)
โก๏ธ ENTRY: Near $200 - $210 with bullish reversal confirmation.
๐ฏ TAKE PROFIT: $280 - $300
๐ STOP LOSS: Below $190
Scenario 2: SHORT (If Rejected at Resistance)
โก๏ธ ENTRY: Near $290 - $300 with bearish rejection signs.
๐ฏ TAKE PROFIT: $210 - $220
๐ STOP LOSS: Above $310
RISK MANAGEMENT:
โข Trade within the range extremes. Avoid entering in the middle.
โข Use 1-2% max risk per trade.
โข Patience is keyโwait for the price to reach key levels with confirmation.
Trade the range until a clear breakout occurs! ๐ฏ๐
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