$ZEC /USDT LONG TRADE SETUP
$ZEC (Zcash) is trading at 397.41, showing a strong bounce from the low of 395.21 after being rejected from 416.66. Zcash is a privacy-focused cryptocurrency that uses zk-SNARKs to allow for private (shielded) transactions. The price is currently holding the major support around $395, suggesting an attempt to retest the recent high is likely.
Target Points
TP1: 403.58 (Minor resistance/consolidation level)
TP2: 408.29 (Mid-range resistance)
TP3: 416.66 (Retest of the recent swing high)
Stop Loss
Set stop loss below 394.00 to invalidate the setup if the low is broken.
Buy and Trade here on $ZEC
ZECUSDT
Perp
405.02
+0.08%