$ZEC trading at $351, struggling below all major moving averages in a prolonged downtrend. Recent consolidation near $330-$360 suggests accumulation phase. Price attempting to break above 7 MA with decent volume. Needs to reclaim $370 resistance for bullish confirmation. Downtrend remains dominant trade cautiously.
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$ZEC trading at $351, struggling below all major moving averages in a prolonged downtrend. Recent consolidation near $330-$360 suggests accumulation phase. Price attempting to break above 7 MA with decent volume. Needs to reclaim $370 resistance for bullish confirmation. Downtrend remains dominant trade cautiously.
Targets:
TP1: $375
TP2: $395
TP3: $420
Stop Loss: $335