According to my analysis, I expect the price to drop to 130 if the analysis is correct
Post
Ali Abu Maher
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BullishLong purchase deal for currency $ZEC
The currency maintains a level of 242.80000, and this is a very important pivot level in the current movement.
The price is moving within a narrow range, which is evident from the compression of the ATR at 3.07000, indicating that a strong movement is likely nearby.
The RSI at 24.61000 shows that any rise could still face selling pressure until the price stabilizes and clearly regains the level.
Staying above 238.19488 keeps the bullish scenario alive, but breaking it cancels the idea.
The 24-hour trading volume at 938603.12400 supports the presence of sufficient liquidity for a strong movement.
Trading pair ZECUSDT
Entry: from 242.03248 to 243.56752
Stop loss: 238.19488
First target: 247.40512
Second target: 248.94016
Third target: 252.01023
The idea remains valid as long as the price continues above 238.19488.
The question now is whether the price will bounce directly from the current area or drop to create quick liquidity at 238.19488 before launching?
Keep a close eye on the movement and be disciplined in managing the trade.
#علي_ابوماهر #Write2Earn
The currency maintains a level of 242.80000, and this is a very important pivot level in the current movement.
The price is moving within a narrow range, which is evident from the compression of the ATR at 3.07000, indicating that a strong movement is likely nearby.
The RSI at 24.61000 shows that any rise could still face selling pressure until the price stabilizes and clearly regains the level.
Staying above 238.19488 keeps the bullish scenario alive, but breaking it cancels the idea.
The 24-hour trading volume at 938603.12400 supports the presence of sufficient liquidity for a strong movement.
Trading pair ZECUSDT
Entry: from 242.03248 to 243.56752
Stop loss: 238.19488
First target: 247.40512
Second target: 248.94016
Third target: 252.01023
The idea remains valid as long as the price continues above 238.19488.
The question now is whether the price will bounce directly from the current area or drop to create quick liquidity at 238.19488 before launching?
Keep a close eye on the movement and be disciplined in managing the trade.
#علي_ابوماهر #Write2Earn
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