ZCash to the MOON OR Bust: The Unstoppable Rise of the Crypto UnBased on the current chart, Zcash appears to be gearing up for a significant upward trend. If you’ve missed out on the recent altcoin rallies, Zcash presents a promising opportunity.
The potential for profit is substantial, with three target price points (TPs) identified for this trade:
First TP: $34
Second TP: $43
Third TP: $50
These targets represent the price levels at which you might consider taking profits as the price of Zcash increases.
In terms of risk management, a stop loss has been set at $23. This means that if the price of Zcash falls to $23, the trade will automatically close to prevent further losses. This represents a balanced risk-reward ratio for this trade.
Please remember that while this analysis is thorough, it’s always crucial to conduct your own research and consider multiple factors when making trading decisions. Cryptocurrency trading involves risk and it’s possible to lose your investment.