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$ZEC is showing strong recovery signals as the bulls continue to defend the support zone around the 500 USDT mark. After a short correction, the price quickly regained balance and maintained an upward structure on the 4H chart, indicating that the main trend is still leaning bullish.
LONG trading plan:
• Entry: 498 – 501
• Stop Loss: 491
Targets:
• TP1: 507
• TP2: 512
• TP3: 518
Notably, the 15-minute RSI is still in the neutral zone around 54, indicating room for further gains and that the market has not entered overbought territory. At the same time, ATR is at a low level, making the risk/reward ratio more attractive for short-term long positions.
If the price continues to hold above the current support zone, $ZEC can definitely extend the upward momentum toward the higher target levels. However, traders still need to manage capital carefully, as profit-taking pressure may appear when the price approaches strong resistance zones.
{spot}(ZECUSDT)