$ZEC is consolidating after rejecting the $540 resistance zone. Price holding above MA99 ($472) suggests the uptrend remains intact, but short-term pressure is building as MA7 crosses below MA25. A bounce from current support could target previous highs, while a break below $500 risks deeper correction.
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$ZEC is consolidating after rejecting the $540 resistance zone. Price holding above MA99 ($472) suggests the uptrend remains intact, but short-term pressure is building as MA7 crosses below MA25. A bounce from current support could target previous highs, while a break below $500 risks deeper correction.
Trading Setup:
TP1: $530
TP2: $545
TP3: $565
Stop Loss: $495