ZEC/USDT - Technical Analysis
Current Price: $37.21 (+1.06%)
Indicators:
SAR (0.02, 0.2): $35.14 (Support)
Trend: Slight uptrend with potential volatility.
Key Resistance Levels: $39.68 (24h high), $40.81 (SAR projection)
Trading Setup
Long Setup (Buy Signal)
Entry: $37.50 - $38.00
Stop-loss: $35.00 (Below SAR support to manage risk)
Targets:
1. Target 1: $39.50 (Near-term resistance)
2. Target 2: $41.00 (SAR Target)
3. Target 3: $43.50 (Major resistance & breakout potential)
Signal: Buy on breakout above $38.00 with volume confirmation or pullback to $37.00.
Short Setup (Sell Signal)
Entry: Below $36.00
Stop-loss: $38.50 (Above recent resistance)
Targets:
1. Target 1: $35.00 (First support)
2. Target 2: $33.50 (Deeper correction)
3. Target 3: $30.00 (Major support zone)
Signal: Short if price falls below $36.00 with increased selling volume.
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