#ZEC — R:R 1:11 Target to update 765 from current

ZECUSDT.P
A very promising asset with a trending movement.
All assets are currently in roughly the same situation.
Here, the price has completed its wave cycle and is beginning to reverse to renew the 765 high. We cannot be sure whether it will be renewed or not.

But this is an excellent entry point to take 2 take. I am sure that the price will work out the POE level and exit the channel. The chart shows frequent touches of the channel walls.

After the resistance wall, the price is lazily moving towards its FVG, which it created through momentum. There is a break in the structure, entry from FVG 0.618 - 0.702 (exactly in the middle of FVG 12H).

Even if we don't manage to open a position, we have two targets and can open a position after the channel breaks on a retest and still have a good RR. In this trade with my POE, it is 1/11. I will be patient.

At the 1.618 - 1.272 Fibonacci level zone, there is a large HVN, followed by an equally important one at 2.618 with very strong resistance and liquidity, where the price is likely to go without difficulty.

I set small stops in such cases because I plan to go far on the price. In case of a breakout of 0.702-0.786 and the absence of a sharp impulse in the long, I would prefer not to open a position.