🚀 ZEC Bullish Setup Attention 📈
Trading Plan:
Bias: Bullish
Entry: 415.00 - 417.00
Stop Loss: 411.50
Take Profit 1–Take Profit 3: 420.00 / 428.00 / 438.00
Technical Analysis:
On the 15-minute chart, the price has found significant support around the 412.30 level and has started to consolidate, showing signs of a potential bottom formation. The key bullish signal comes from the indicator divergence: while the price made lower lows, both the Relative Strength Index (RSI) and MACD indicator formed higher lows. This bullish divergence suggests that the downward momentum is weakening, potentially indicating a trend reversal. A confirmation signal would be a decisive break above and maintenance above the Exponential Moving Average (EMA25, approximately 418.84), which could attract more buying interest and push the price towards higher resistance levels.
Invalidation Conditions:
The bullish setup will only be invalidated if the price falls below the support level of 412.30.
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