30m TF. ZECUSDT is showing growth alongside increasing volumes, indicating heightened buyer interest. The price has reached 67.93 USDT and is targeting a breakout of key resistance.
๐ Key Levels
Support:
*67.45 USDT โ the nearest support level where demand has been observed.
*63.71 USDT โ a stronger support level maintaining the current uptrend.
Resistance:
*75.33 USDT โ the first target after a breakout.
*76.88 USDT โ the secondary resistance level.
*79.50 USDT โ the key target for profit-taking.
๐ฉ Trading Strategy
Entry Point:
Consider opening a long position above 67.93 USDT.
Stop-Loss:
Place a protective stop order below 67.45 USDT to minimize risks.
Take-Profit Targets:
75.33 USDT โ the first target for partial profit-taking.
76.88 USDT โ an intermediate target.
79.50 USDT โ the final target.
๐ Technical Analysis
Rising volumes confirm buyersโ readiness for further growth.
A price consolidation above 67.93 USDT will strengthen the upward impulse.
A retest of 67.45 USDT before the breakout could provide a good entry point.
๐ก Recommendations
Monitor Volumes: Increased volumes during the breakout will confirm the strength of the move.
Manage Risks: Use sensible stop-loss orders to limit potential losses.
Analyze Dynamically: Use smaller timeframes (15m and 1h) for precise entry points.
Conclusion
ZECUSDT shows strong upward potential. Watch for a breakout above 67.93 USDT to take advantage of the current market conditions.