$ZEC shows promising signs for a continuation of breakout! 🚀 Structure is forming for higher prices.
Long $ZEC
Entry: 226 & 229
SL: 221
TP1: 236
TP2: 242
TP3: 250
We observed a strong impulsive expansion for $ZEC from 212 to 228, forming clean higher highs and lows on the 30M/1H charts. This indicates a strong underlying momentum.
The current consolidation below 230 suggests absorption by buyers rather than rejection. Shallow pullbacks are quickly met with new buying interest, reinforcing the optimistic sentiment. 💪
As long as the SL of 221 holds, the continuation towards the liquidity zone of 236–242 is favored. An extension to 250 may follow if momentum expands further. A decisive breakout above 230 should accelerate this movement.
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