【$ZEC Signal】Long + 1H Breakout and Pullback Confirmation, Main Force Showing Signs of Support

$ZEC The 1H timeframe has broken out of the previous consolidation zone and is currently in a strong consolidation phase. A single large bullish candle on the 4H chart completely engulfs the previous candles, forming a bullish engulfing pattern, indicating the trend has shifted from weak to strong. Key points: as the price rises, the open interest remains stable, and the funding rate is negative, suggesting that the bears are still resisting, hinting at a potential short squeeze. Although the 1H RSI is in the overbought zone, the price refuses to undergo a deep correction, showing strong buying support.

🎯Direction: Long (Long)

🎯Entry/Order: 255.5 - 256.5 (Enter near the current price, or wait for a slight pullback)

🛑Stop Loss: 252.0 (Break below the 1H EMA50 and the previous 1H candle low)

🚀Target 1: 262.0 (Near previous high resistance)

🚀Target 2: 268.0 - 270.0 (Previous supply zone on the 4H chart)

🛡️Trade Management:

- Position: Standard size. If the price surges directly from the entry point, consider reducing 30% near Target 1, and move the remaining stop loss to the entry price. If the price pulls back first and then rises, hold until Target 2.

- Core Logic: Market depth data (bid_ask_ratio_depth=0.63) shows slight weakness, but the price consolidates steadily around 256.5, with selling pressure being absorbed continuously. Stable open interest alongside rising prices suggests it’s not just short covering driving the move; new long funds may be entering. The 1H EMA20 has crossed above EMA50 to form a golden cross, indicating a short-term bullish alignment. In a negative funding rate environment, the price not falling is a typical sign of a potential short squeeze.

Check real-time market 👇 $ZEC

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