$ZEC
ZECUSDT – Daily candle biased towards the upside!
🔹 Despite the bearish candle appearing yesterday, it did not break the low of the previous daily candle, but came in at nearly the same size, indicating balance rather than selling pressure. This means support is still holding strong.
🔸 This type of correction is called a "Test Candle" or Retest Candle, and it often precedes a strong movement if the price holds the support.
📈 The price reacted with the demand zone (OB) at 416, which strengthens the breakout scenario towards:
- 430 as the first resistance
- then 460 to confirm momentum
- and then Fibonacci targets: 501 → 522 → 543
📉 The alternative scenario? Breaking support at 400 = negative choch → drop towards 365 then touch OB at 340, but this is unlikely at the moment.
🔍 I am watching the smaller time frames to confirm the direction before the breakout.
💬 Do you see the same scenario? Share your opinion or entry points with me 👇
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