ZECUSDT Assessing Bullish Potential in Current demand?👀 🚀ZCASH
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💎 Paradisers, turn your attention to ZECUSDT as it unfolds a key movement in the market. Trading in a demand zone, it is aligning itself for a likely bullish progression.
💎 Recently, #ZCASH demonstrated respect for the internal supply level at $34.76, encountering it for the third time before initiating a downward trajectory. Currently, It is holding above the trendline. An intriguing aspect to note is that despite facing strong rejections from the supply zone, ZZEC has not breached its previous low, hinting at a robust potential for an upward movement.
💎 However, in the ever-changing terrain of cryptocurrency trading, #ZEC traders must be prepared for diverse scenarios. If ZZEC struggles to maintain its bullish course and falls below the current demand level of $29.72, a change in market direction might be imminent. Traders might then need to adjust their strategies, focusing on a bullish resurgence from the support level of $28.61.
💎 Importantly, should #ZEC descend below this secondary demand level, it would necessitate a critical reassessment. Such a turn of events could suggest difficulties in sustaining the bullish trend, calling for a strategic reevaluation and adaptation of trading approaches. 🌴💰
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.