【$ZEC Signal】Right-side pullback confirmation, rebounding by lurking at EMA20 support

$ZEC 4H timeframe price pulls back with reduced volume to around the EMA20 moving average at 238.6. Buy-side depth is clearly stacked below 238.2, while sell pressure is concentrated above 238.5. The MACD histogram negative value narrows, and bearish momentum is exhausted. Open interest remains stable; the price has not broken the previous low, and the intention for capital to provide support is clear.

🎯 Direction: Long

⚡ Entry/Order: Stage entries between 234.2 - 235.2

🛑 Stop Loss: 225.8

🚀 Target 1: 272.6

🚀 Target 2: 291.3

🛡️ Trade Management:
- Execution Strategy: After Target 1 is reached, reduce the position by 50%, and move the remaining stop loss up to the entry price. If the price cannot hold above the EMA20 and falls back into the entry zone, exit immediately.

Order book data shows that buy-side depth is far thicker than sell-side depth, with a depth imbalance of more than 54%. Strong interest in holding/supporting is evident below. The 4-hour Bollinger Band midline at 243.1 forms short-term resistance; once there is a volume breakout above it, upside space will be opened up. The current risk-reward ratio is close to 4:1, and the odds advantage is significant, but be sure to watch out for linked risks caused by weakening overall market sentiment.

View real-time quotes 👇 $ZEC
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