$ZEC
is showing strong bullish structure on the intraday timeframes. Price has successfully broken above a key resistance zone and is now consolidating above previous supply, which is acting as support. The overall market structure remains higher highs and higher lows, signaling buyers are still in control.
Momentum indicators suggest healthy continuation, with volume supporting the breakout and no major bearish divergence visible. As long as price holds above the demand zone, the probability favors further upside expansion.
Trade Idea: LONG SETUP
Entry: On pullback into the support / breakout retest zone
Targets:
TP1: Previous intraday resistance
TP2: Upper resistance zone near recent high
TP3: Extended move toward the next major supply area
Stop Loss: Below the invalidation level under recent higher low
Risk Management:
Risk only a small portion of capital per trade, use a fixed risk-to-reward ratio, and move stop loss to breakeven after the first target is secured.
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