ZEC is coiled in a range, but the 4h chart is whispering a different story.

$ZEC /USDT - LONG

Trade Plan:

Entry: 284.288786 – 287.771214

SL: 275.582717

TP1: 296.477283

TP2: 299.95971

TP3: 306.924565

Why this setup?

RSI on the 15m is oversold at 40.88, suggesting a bounce is due. The 1D trend is range-bound, but the LONG setup on the 4h timeframe targets a move to TP1 at 296.48. Current price is sitting right at the key 286.03 entry zone.

Debate:

Is this the bounce from the range low, or will $ZEC fake us out again?

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ZEC

271.21

-5.24%