($ZEC MARKET UPDATE)

$ZEC is still holding a strong bullish structure, and after the recent rally, price is now moving between an important support and resistance zone. We have support around the $530 area, where buyers already reacted before, and resistance is sitting near the $600 level. At the moment, price is taking a healthy pullback and consolidation after a strong move up, which is normal in a bullish trend.

For me, the best entry will be if price comes back near the $530 support zone, shows rejection, and forms a strong bullish candle. That can give a good risk-to-reward entry for the next move up. Stop loss can be placed below the support zone around $520 to manage risk safely. As long as price holds this area, buyers still have control of the market.

On the upside, the main target will be the $600 resistance zone. If price breaks and closes above this level with good volume and momentum, then we can expect another strong bullish move from there. Until then, it’s better to stay patient and wait for confirmation instead of chasing the market.
$ZEC