30m TF.
ZECUSDT is showing growth alongside increasing volumes, indicating heightened buyer interest. The price has reached 67.93 USDT and is targeting a breakout of key resistance.🔑 Key Levels
Support:
*67.45 USDT – the nearest support level where demand has been observed.
*63.71 USDT – a stronger support level maintaining the current uptrend.
Resistance:
*75.33 USDT – the first target after a breakout.
*76.88 USDT – the secondary resistance level.
*79.50 USDT – the key target for profit-taking.
🚩 Trading Strategy
Entry Point:
Consider opening a long position above 67.93 USDT.
Stop-Loss:
Place a protective stop order below 67.45 USDT to minimize risks.
Take-Profit Targets:
- 75.33 USDT – the first target for partial profit-taking.
- 76.88 USDT – an intermediate target.
- 79.50 USDT – the final target.
📈 Technical Analysis
- Rising volumes confirm buyers’ readiness for further growth.
- A price consolidation above 67.93 USDT will strengthen the upward impulse.
- A retest of 67.45 USDT before the breakout could provide a good entry point.
💡 Recommendations
- Monitor Volumes: Increased volumes during the breakout will confirm the strength of the move.
- Manage Risks: Use sensible stop-loss orders to limit potential losses.
- Analyze Dynamically: Use smaller timeframes (15m and 1h) for precise entry points.
Conclusion
ZECUSDT shows strong upward potential. Watch for a breakout above 67.93 USDT to take advantage of the current market conditions.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.