🔍 ZEC/USDT: Support Under Pressure — Chance for a Rebound?
Brief Overview:
On the hourly chart, the ZEC/USDT price is holding at key support of 390.28. The market remains under pressure from sellers, however, signs of local oversold conditions indicate a possible technical rebound. The situation is borderline and requires confirmation.
📊 Indicators (in brief)
EMA (21/50/99): EMA 21 is below EMA 50 and 99 → bearish trend persists
MACD: -0.51, line below the signal → selling pressure
RSI (14): 36.53 → oversold zone, potential for rebound
Stochastic: 66.06 → possible upward correction
📌 Trading Plan
Main Scenario — LONG from support
➡️ Entry Points:
🟢 Conservative: confirmed rebound from 390.28
🟡 Aggressive: breakout and consolidation above 399.03
Targets:
🎯 TP1: 410 (+2.77%)
🎯 TP2: 420 (+5.25%)
🎯 TP3: 430 (+7.77%)
Stop-Loss:
⛔ 385.76 (below key support)
🧠 Conclusion
ZEC is trading in a zone of increased risk, but maintaining support and breaking 399 may trigger an upward correction. We work strictly based on confirmation, adhere to risk management, and do not ignore stop-loss.
Spot Trading 👉$ZEC
Futures 👇
