$ZEC is showing renewed bullish momentum on the 1-hour chart after breaking out above its recent consolidation range. Buyers have stepped in with strength, pushing price higher and keeping the short-term trend in favor of the bulls.
The next major level to watch is the psychological resistance around $500, where profit-taking and increased volatility could emerge. If buyers manage to secure a strong breakout and hold above that level, the rally could extend further. Until then, it may be wise to wait for confirmation or a healthy pullback rather than chasing the current move. As always, manage risk carefully and stick to your trading plan.
#RMJ_trades
#ZcashIronwoodUpgradeNearsTestnet
#JunePayrolls57KHikeOddsFallTo50%
#NHHB639ProtectsDigitalAssetSelfCustody
#GillibrandCallsForDigitalAssetEthicsBan
The next major level to watch is the psychological resistance around $500, where profit-taking and increased volatility could emerge. If buyers manage to secure a strong breakout and hold above that level, the rally could extend further. Until then, it may be wise to wait for confirmation or a healthy pullback rather than chasing the current move. As always, manage risk carefully and stick to your trading plan.
#RMJ_trades
#ZcashIronwoodUpgradeNearsTestnet
#JunePayrolls57KHikeOddsFallTo50%
#NHHB639ProtectsDigitalAssetSelfCustody
#GillibrandCallsForDigitalAssetEthicsBan