• Technical analysis: The currency$ZEC shows a strong and clear upward trend that began in mid-September, peaked around mid-November, and then entered a correction and decline until December. The current price of $409.15 is in a correction zone after a peak of around $800. This correction may be a healthy profit-taking before another upward attempt.
• Suggested buying areas (entry):
-Buying in stages (DCA): at current support levels around $380 - $410.
-Strategic buying: when testing a stronger and more important support level, which may be near $300 - $320.
• Suggested selling areas (price targets/profit taking):
-Short target (rebound): when returning to the nearby resistance area around $550 - $600.
-Strategic target (new peak): reclaiming the previous peak at $800, then $1000.
• Suggested stop loss:
-Below the strong support level from which the sharp rise began, around $250 - $280 (long-term strategic stop loss).