Let's analyze a very interesting asset #ZEC

🗣 The asset is between the local support level at $22.41 and the local resistance level at $24.36 and is moving sideways. As the asset moves between these levels, it formed a descending trading channel, which we successfully broke yesterday and is now starting to form an ascending channel.

✅As soon I expect a test of the lower boundary of the trading channel and continuation of the upward movement in the trading channel.

🔜I plan to enter the trade from the current (22.9$-21.8$).

🛑 Stop loss will be at (20$)

✅First take (23.7$)

✅Second takeout (27$)

When the first take is reached, stop loss should be replaced to the entry price. Reaching the second take will be 17% of net movement

#CryptoWatchMay2024 #altcoins #MicroStrategy #BTC