Zcash $ZEC is currently trading at $408.56, down -0.25%, after testing a low of $408.41. The price is hovering near the $408–$410 zone with mild bearish pressure, while the high of $409.52 indicates limited upside movement in the short term.
📌 Buy Setup (For a Rebound from Support)
✅ Entry Zone: 408.50 – 409.50
(On bullish reversal confirmation near current levels)
🛑 Stop Loss (SL): 407.50
(Below today’s low)
🎯 Take Profit (TP):
🥇 TP1: 412.00
🥈 TP2: 415.00
🥉 TP3: 418.00
📉 Sell Setup (Breakdown Continuation)
📌 Sell below: 408.00
(Break of current support)
🛑 SL: 410.50
(Above today’s high)
🎯 Targets:
406.00 → 403.00 → 400.00
🧠 Market Insight
Trend: Slightly bearish in the short term
Structure: Trading between support near $408.41 and resistance near $410.00–$412.00
Key Support: 408.41 – 409.00
Key Resistance: 410.00 – 412.00
Best Entry: Wait for price to either bounce from $408.50 or break below $408.00 with momentum
⚠️ Disclaimer: This is not financial advice. Always do your own analysis and trade responsibly.