TradeCityPro | ZEC: Bullish Structure Holding Strong

👋 Welcome to TradeCity Pro!
In this analysis, I want to review the ZEC coin for you — one of the Privacy and Layer 1 projects, ranked 28th on CoinMarketCap with a market cap of $4.42 billion.

⏳ 4-Hour Timeframe
This coin has a bullish trend on the 4-hour timeframe and, after its upward movement, has now entered a corrective phase.

🔍 This correction has reached the 0.5 Fibonacci level of the previous wave, and the price has now returned to the 292.20 zone, having already reacted to it once.

✔️ Breaking the 292.2 level could mark the beginning of the next bullish wave. From a momentum standpoint, the bullish trend is very strong, and with the breakout of 292.2, the momentum will likely continue.

⚡️ Currently, the volume favors buyers, and as the price approaches the 292.2 zone, buying volume is increasing, which raises the probability of breaking this resistance.

💥 The break of level 70 and the RSI entering Overbuy are strong momentum triggers for a long position.

📊 For a short position on this coin, I’ll wait until a bearish structure forms. The current structure is very bullish, so I’d rather open short positions on other coins.

⭐ We’ll get the confirmation of a bearish reversal only after the price stabilizes below 190.87.

📝 Final Thoughts

Stay calm, trade wisely, and let's capture the market's best opportunities!

This analysis reflects our opinions and is not financial advice.

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