$ZEC Price Alert: Bullish Momentum Surges đ
Currently trading at $60.07, $ZEC has gained 16.36%, nearing its 24-hour high of $60.88. The sharp climb from a low of $50.47 highlights strong buying interest, with bullish momentum driving the market.
Key Levels to Watch:
Resistance: $60.88 (24-hour high)
Support: $58.59
Trade Opportunities:
Long Position: Enter around $60.50, aiming for:
1. $61.50 (near-term target)
2. $63.00 (breakout potential)
Short Position: If ZEC is rejected at $60.88, watch for:
1. $58.00 (retracement)
2. $56.00 (lower support)
Risk Management:
Place a stop-loss at $57.80 to limit downside exposure.
Market Outlook:
$ZEC shows strong breakout potential, supported by increasing trading volumes. A successful move above $60.88 could signal continued gains, while failure to breach resistance might trigger a pullback toward key support levels. Stay alert for confirmation of the next move.