ZEC battles the 600 mark: the pullback is complete, the bulls' rally horn sounds, aiming for a new high today!

Brothers, look at the chart and speak—this is a classic “golden retest”! ZEC (Zcash) broke through the high of 642.87, completing a perfect wave dip and accumulation. The current price is 611.78, which is a support level bouncing back in RMB. If you don’t follow this wave, do you have to wait until it breaks 650 to chase the high?

Hardcore market analysis: Bullish logic remains stable as an old dog

  1. One-hour (1H) chart: Arc bottom pattern, a rebound is imminent Pattern: After a pullback, the 1-hour level formed a weak bottom support in the 590-600 range, and now the candlesticks have recovered, showing a stepwise upward arc bottom pattern.

Momentum: MACD shows a clear bullish crossover at low levels, and trading volume is steadily increasing, indicating selling pressure above has been absorbed, and bulls are regaining initiative.

  1. Four-hour (4H) chart: Uptrend channel, retest confirms support Trend: The 4-hour level still operates within a standard bullish arrangement. The previous correction served as a test of the 600 integer level. As long as the price stabilizes above 600, the overall bullish logic remains unchanged.

Space: The resistance above is near 635; once the previous high of 642 is broken, the space will be fully opened!

Today’s trading strategy: Open a market order at the current price

Don’t worry, the opportunity is right here!

Direction: Long

Entry price: 611.78

Stop loss: 596.48

🎯 Take profit targets (precise batch exits):

First take profit: 624.01

Second take profit: 630.13

ZEC2.66%
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