【$ZEC Signal】Strong breakout followed by pullback, aiming for a second upward move

$ZEC 1H timeframe is consolidating at a high level after a strong breakout, with the price supported above EMA20(1H). A single bullish candle on the 4H timeframe confirms an uptrend; currently a healthy pullback with momentum intact, making it an excellent opportunity for a second entry.

🎯Direction: Long (Long)

🎯Entry/Order: 322.5 - 324.5 (Reason: Pullback to 1H EMA20 support zone and previous hour’s low)

🛑Stop Loss: 315.0 (Reason: Break below recent 1H structure low and ATR(14) lower band)

🚀Target 1: 332.8 (Reason: Previous high resistance level)

🚀Target 2: 345.0 (Reason: 4H Fibonacci extension level 1.618)

🛡️Trade Management:

- Position size suggestion: Standard lot (Reason: 4H and 1H trend resonance, risk-reward ratio >1.5)

- Execution strategy: After reaching Target 1 at 332.8, reduce position by 50% and move stop loss to entry price. Hold remaining position for Target 2; if price retraces to entry zone, exit all.

Deep logic: The 4H timeframe shows volume breakout of the long-term downtrend line, indicating strong buying power. Although the 1H RSI(76) is somewhat high, open interest remains stable with no significant decline, suggesting bullish confidence persists. Market depth shows buy orders clustered around 323, providing immediate support. This is the first pullback after a breakout, a classic trend-following trading opportunity.

Trade here 👇 $ZEC

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