$ZEC - LONG Setup
Entry: 415.00 – 418.00 (On a bounce from the immediate support zone with bullish reversal)
Target 1:435.00
Target 2:445.00
Stop Loss:408.00 (Below the 24h low and key support)
My View:
ZEC is pulling back to a critical support zone after a strong uptrend over the last 6 months.The price is testing the $415–$418 area, which has acted as support multiple times recently. Despite the short-term bearish momentum, the higher timeframe structure (up over 900% in 180 days) remains overwhelmingly bullish. This dip is likely a healthy correction within a much larger uptrend. The order book shows decent bid support building in this area. I'm looking for a bullish reversal candle in this demand zone to enter long, targeting a move back to the middle of the recent range.
Bias: Bullish above $415.00. A breakdown below $408.00 would signal a deeper correction is likely.
Disclaimer:My plan. Not advice. Trade your own risk.
