$ZEC PRICE ALERT: Strong Bullish Momentum..
$ZEC is currently trading at $60.52, showing a significant gain of 16.36% as it approaches the 24-hour high of $60.88. The sharp rally from a low of $50.47 indicates robust buying interest, with momentum strongly favoring the bulls.
Key Levels to Watch
Resistance: $60.88 (24-hour high)
Support: $58.59
Trade Setup:
Long Entry: Consider entries around $60.50, targeting:
1. $61.50 (near-term resistance)
2. $63.00 (potential breakout target)
Short Entry: If $ZEC faces rejection at $60.88, potential targets are:
1. $58.00 (retracement zone)
2. $56.00 (lower support level)
Risk Management:
Stop-loss: $57.80 to mitigate downside risk.
Market Insight:
$ZEC's breakout potential remains high, with increasing trading volume confirming strong momentum. Watch for a decisive move above $60.88 to confirm further gains. Failure to break resistance may lead to a short-term pullback toward the support zones.
