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$ZEC 1h Update:
- i expect price to RISE in the short term, bias is long as momentum builds above current levels
- first target is the 579.49 area, then a move toward the most recent high at 607.26 looks likely if momentum and volume pick up
- possible entry on a pullback toward 562-565 with confirmation from bullish engulfing or a strong pin bar rejection, or on a breakout and retest of the 579.49 resistance zone
- take profit at 579.49, scale out if price pushes into 593-601 zone, and monitor for signs of reversal near 607.26
- as long as price holds above 549.61 and especially above 533.05, the bullish bias remains; a break and close below 533.05 would flip my view to bearish and target 515-495 next
- watch for manipulation wicks below 549.61 for possible liquidity grabs and fast reversals
not investment advice, educational report only
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