**Zcash Finding Support 🚨**
📉 $ZEC has dropped sharply near $397 but is now finding support at the psychological $400 level.
**Technical Analysis 📊**
The RSI on the H4 timeframe is in the lower zone and trending upwards, indicating that the sell-off has been overextended.
**Key Support Zone Identified 💡**
Wicks on the candles show buyers are "Buying the Dip" and stepping in to support the price. This suggests a technical mean reversion rally is needed.
**Trade Setup 📈**
To capitalize on this potential recovery rally, consider entering long positions within the 403 - 407 zone.
**Risk Management 🚨**
Set your Stop Loss at $392, as a breakdown below this level would invalidate the recovery attempt and resume the downtrend.
**Profit Targets 🎯**
Consider taking profits at:
• TP1: $418
• TP2: $425
• TP3: $435
