【$ZEC Signal】1H Oversold Rebound Play, Sniping 4H Support Level Rebound

$ZEC The 1H timeframe is in the oversold zone, with the price forming initial support around 237.5-238. The 4H timeframe is still in a downtrend, but the 1H RSI shows early signs of divergence, indicating a short-term technical rebound demand. Currently, buy orders are unusually concentrated around 237.9-238.1, showing that funds are defending this level. Combined with stable Open Interest (OI), this is not panic selling, providing an opportunity for short-term trading.

🎯Direction: Go Long (Long)

🎯Entry/Order: 237.8 - 238.2 (Reason: 1H support zone, concentrated buy orders)

🛑Stop Loss: 235.5 (Reason: Break below recent strong support level, ATR-based stop loss)

🚀Target 1: 243.5 (Reason: 1H EMA20 resistance and previous minor support level)

🚀Target 2: 248.0 (Reason: Resistance at the high point of the previous 4H candle)

🛡️Trade Management:

- Position Size: Light (Reason: 4H trend remains bearish, this is only a 1H rebound play)

- Execution Strategy: After reaching Target 1, move the stop loss to the entry price. For the remaining position, look toward Target 2. If the price stalls around 243.5, consider taking partial profits early.

Order Book Logic: The 1H RSI has fallen to 38, approaching oversold territory, indicating a potential correction. After consecutive declines on the 4H candles, a long lower shadow appeared near 237.5, showing buying interest at this level. The key point is that OI remains stable, and no surge in open positions occurred during the decline, ruling out large-scale long liquidation. It appears that the main force is accumulating or defending at key levels. The order book shows sell orders dispersing above 238.2; if buy orders can sustain, breaking through the first resistance could accelerate the rebound.

View real-time market 👇 $ZEC

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