$ZEC
— LONG Plan from the 1H Chart (Level-Based)
Context:
• Bigger picture is still a downtrend, but we just saw a strong rebound from ~208.8 → reclaim of 225 → push into the 242–245 “decision” zone.
• The 242–245 area is the key: hold above it = continuation chance; lose it = breakout failure.
Key Levels:
• Support / invalidation zone: 242–245
• Mid resistance: 260
• Higher resistances: 280.3 → 305.7
• Deeper supports (if failure): 225 → 208.8
✅ LONG Setup A (Preferred: pullback + retest)
Trigger: Price pulls back and holds above 242–245, then prints a bullish 1H confirmation.
• Entry: 246.0–248.5
• SL: 241.8
• TP1: 260.0
• TP2: 280.3
• TP3: 305.7
✅ LONG Setup B (Continuation breakout)
Trigger: 1H close above ~253 (with follow-through).
• Entry: 253.2–254.5
• SL: 245.7
• TP1: 260.0
• TP2: 280.3
• TP3: 305.7
Trade Management (important):
• At TP1 (260), consider taking partial profit and moving SL to breakeven (or 245–246).
• If 260 rejects hard (strong upper wicks / bearish engulf), reduce risk and wait for a clean break & hold above 260 before targeting 280.3.
Invalidation:
• 1H acceptance back below ~242 = long thesis weakens (expect deeper pullback).
• Losing 225 puts 208.8 back in play.
Not financial advice. Always size positions so the SL is acceptable, and keep leverage conservative.