#ZECUSDT – Breakout of the rectangle pattern, an opportunity for quick trading
On the four-hour timeframe, $ZEC stock price was fluctuating within a rectangle pattern with a support level between $286 and $288, which has now been broken with high trading volume.
If the price fails to regain this level, a continued decline is likely. This movement can be exploited to open a sell position, with a stop-loss placed above the previous support level. The nearest target is $274, and the maximum target is around $230.
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#ZECUSDT – Breakout of the rectangle pattern, an opportunity for quick trading
On the four-hour timeframe, $ZEC stock price was fluctuating within a rectangle pattern with a support level between $286 and $288, which has now been broken with high trading volume.
If the price fails to regain this level, a continued decline is likely. This movement can be exploited to open a sell position, with a stop-loss placed above the previous support level.
The nearest target is $274, and the maximum target is around $230.
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$ZEC