🚀 Trading opportunity from the bottom on currency $ZEC 🚀
Current price: 332$💵
🎯 Expected targets:
• First (Speculation): 357$
• Second (Medium-term target): 418$
• Third (Long-term target): 560 🎯
🛑 Stop loss:
• Close below 329$
Zcash currency ($ZEC ) is one of the most important currencies focusing on privacy and protecting user data in the crypto world. The price is currently experiencing a strong downward phase and has reached important technical support areas, and we are currently monitoring any signs of a rebound to compensate for recent losses.
📊 Indicator readings:
• Averages: The price is far from the main averages, and stability above the current support levels is the first step to breaking the downward wave.
• Momentum (RSI): The indicator is in clear "oversold" areas (around 22), which is a strong technical signal for the possibility of buyers entering at this "low" price.
• MACD: Negative momentum is still dominant, but the gap has started to narrow, indicating that selling pressure is beginning to ease.
💡 Advice:
The market is very volatile, so make your entry calculated and don't rush. Breaking 357$ will be a strong confirmation of the upward journey to the targets.
⚠️ Warning:
This analysis is a personal opinion, not financial advice. The market carries risk, and the decision is yours; always adhere to the stop loss.
