$ZEC Update: Bullish Breakout or Local Rejection?
($ZEC) is currently showing massive bullish momentum on the 1-hour chart, successfully flipping the SuperTrend (10,3) to green with a solid support base established at 220.01. The RSI(6) has surged to 86.85, indicating that while the trend is extremely strong, the price is now deep in overbought territory and may face a minor cooling-off period near current levels.
🎯 Trade Setup
EP (Entry): 222.50 – 229.50
TP (Targets)
TP1: 231.47
TP2: 238.00
TP3: 245.00
SL (Stop Loss): 214.50
The price is currently battling overhead liquidity at the 24h high of 231.47; a clean hourly close above this mark could trigger a continuation toward higher resistance zones. Immediate structural support is located at 220.00, which aligns with the SuperTrend floor and must be maintained to keep the aggressive bullish bias intact.
Do you think ($ZEC) will sustain this parabolic move past 231, or are we due for a retest of the 220 support?
Watching this level closely.
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