🚀 ZEC Long Setup in Focus 📈
Trading Plan:
Bias: Long
Entry: 410.00 - 425.00
SL: 395.00
TP1–TP3: 450.00 / 500.00 / 550.00
Technical Analysis:
The asset is exhibiting a bullish trend on the 4-hour timeframe, having established a clear bottom around 300.78 and subsequently forming higher highs and higher lows. The price is trading above all key Exponential Moving Averages (7, 25, and 99), which are in a bullish alignment, indicating strong upward momentum. The current price action suggests a minor pullback after facing resistance near the 442.00 level. A confirmation for entry would be a successful test of the 410-425 support zone, which aligns with potential dynamic support from the EMAs. Both the MACD and RSI indicate underlying bullish strength, supporting the case for continuation after this consolidation.
Invalidation:
Only a break and close below 395.00 would invalidate this bullish setup, suggesting a shift in market structure.
