📊 $ZEC /USDT (1H Timeframe) - Relief Bounce [LONG TRADE] 📊

📝 Analysis:

$ZEC /USDT took a heavy dump but has now found a solid bottom around the 216 support zone. The price has been consolidating and is now starting to push above the MA(7) dynamic level, showing early signs of a bullish reversal. The RSI(6) has recovered from the bottom and is currently pointing upwards at 52.75, indicating that buying momentum is returning. This looks like a perfect setup for a strong relief bounce to retest the higher moving averages!

ZECUSDT

Διην.

217.39

-5.54%

🎯 Trade Setup:

🔸 Entry Zone: 218.50 - 221.00

🚀 Targets:

✔️ TP 1: 224.50 (Near MA25 resistance)

✔️ TP 2: 230.00

✔️ TP 3: 235.00

🛑 Stop Loss (SL): 214.50 (Below the recent strong bottom)

⚠️ Note: Counter-trend bounce setup. Always use proper risk management!