🔥 $ZEC Clear Downtrend with recent consolidation near support. But for trading on 1-hour timeframe, I'd go Long with tight risk management
Recent K-line data shows fluctuating volume with spikes during price drops, This suggests capitulation, which often precedes a reversal. The current volume is moderate, indicating uncertainty.
Capital Flow Data: The contract and spot capital flows are predominantly negative across short-term periods (5m to 24h), reflecting strong selling pressure. However, the 4H contract flow is slightly positive (+744L), hinting at some buying interest emerging. The 5D contract flow is positive (+34M), indicating longer-term accumulation, which contrasts with the short-term outflows.
Entries longs $ZEC : Consider entering near the key support level of 401 USDT or on a breakout above 410 USDT (MA5 level) with confirmation from volume increase. The oversold conditions and potential for a short squeeze make long positions favorable, but only with clear signals.
Stop Loss: Set a stop loss at 393.65 USDT (Support level)
Target Price $ZEC : Aim for 424.99 USDT (Resistance level), If momentum strengthens, extend the target to 432.47 USDT (next resistance zone)
