$ZEC/USDT TECHNICAL ANALYSIS: BULLISH REVERSAL IMMINENT $ZEC

​MARKET OVERVIEW

​The price action on the chart shows a significant corrective phase that has reached a critical demand zone. After a sharp decline, the asset is currently carving out a Double Bottom formation near the 216.70 support level. The recent stabilization and flattening of the moving average suggest that selling pressure is exhausting, paving the way for a relief rally and a trend reversal.

​TRADE STRATEGY

​The setup focuses on a long position as the price holds above the recent swing low. A breakout above the immediate resistance level will confirm the bullish momentum toward higher liquidity zones.

​TARGET 1: 224.50

​TARGET 2: 231.20

​TARGET 3: 237.00

​STOP LOSS: 214.50

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