strong buy
ZECUSDT Long Entry at $56.1 with $59 Target
The current strategy recommends going long on #ZECUSDT at $56.1 with a stop loss at $52.8. Over the past few days, the asset has been moving sideways on the 30-minute timeframe, accompanied by high trading volumes. Previously, the price successfully cleared the nearest liquidity at a low of $50.40 within a 4-hour imbalance. An excellent series of higher highs has formed, and a breakout of this level is viewed as a continuation signal for a long position. Anticipation is set for increased buying activity to test the marked 1-hour imbalance. The target price for this movement is $59, which is considered the take profit level.
Source available for registered users Sign Up Free
AI Analysis
The analysis of ZECUSDT indicates a consolidation phase on the 30-minute chart, with sustained high trading volumes suggesting growing market interest. The recent price action shows that the asset has...
AI Recommendation
Given the technical setup, entering a long position at $56.1 appears to be a well-supported decision, with a clear stop loss at $52.8 to manage downside risk. The validation of the breakout and subseq...
Disclaimer
The AI analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.
You might also be interested in:
strong buy
