$ZEC – Holding Key Support, Bulls Preparing for Next Leg Up
Trading Plan: Long $ZEC
Entry: 344.00 – 347.50
SL: 329.00
TP1: 365.00
TP2: 388.00
TP3: 395.00
Market Analysis:
Zcash (ZEC) is currently testing a vital support zone after a brief pullback. The 4-hour chart shows that the price is stabilizing right above the green Supertrend floor. Despite the minor 2% intraday drop, the Order Book is heavily skewed toward buyers, with over 72% of the volume sitting on the "Bid" side. This indicates that large players are looking to accumulate at these levels. As long as the structure remains above $335, the overall trend is bullish, and we expect a reversal toward the recent highs near $394.
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