【$ZEC Signal】Pullback to confirm support at the moving average

$ZEC 1H level rebound and pullback, price finds support near the short-term moving average. The 4-hour chart shows the price has broken above the upper Bollinger Band, but the MACD histogram is still expanding, indicating bullish momentum has not exhausted. The 1-hour RSI has pulled back from high levels to around 63, which is a healthy correction.

🎯Direction: Long

⚡Entry/Order: Buy in batches within the 219.8 - 221.5 range

🛑Stop Loss: 219.0

🚀Target 1: 228.0

🚀Target 2: 231.2

🛡️Trade Management:
- Execution Strategy: After reaching the first target, move the stop loss of the remaining position up to the entry price. If the price fails to stay above 225 and drops below 221 again, consider exiting early.

Order book shows sparse sell orders from level 1 to level 5, with a significant sell wall around 227.2. However, open interest remains stable and has not decreased with the price correction, indicating that the chips are still locked in. The 1-hour EMA20 and EMA50 are about to form a golden cross, making a pullback to this area a good risk-reward opportunity. The current risk-reward ratio is close to 4:1, making it worth a try.

Check real-time market 👇 $ZEC
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