Zcash (ZEC) is currently trading at $281.86, reflecting a 22.45% increase in the last 24 hours. The cryptocurrency has shown a strong bullish trend, breaking past key resistance levels, and is now approaching its recent high of $287.72. The short-term moving averages (MA(7) and MA(25)) are aligned upwards, indicating continued upward momentum.
The TP is set at $287.00, just below the recent high, to capture profits before the price possibly faces a reversal.
Current Price: $281.86
Take-Profit Level (TP): $287.00
Stop-Loss Level (SL): $270.00
For the SL, it is placed at $270.00, just below recent support levels around $264.32. This level allows for some cushion while limiting potential losses if the market takes a downturn.
ZECUSDT
Perp
260.89
-12.38%