ZECUSDT – Potential Long Setup at Key Fibonacci Level

ZECUSDT – Potential Long Setup at Key Fibonacci Level

After a strong rally, ZECUSDT has entered a corrective phase, dropping from the 750 zone down to 307.8 – which aligns precisely with the 0.618 Fibonacci retracement level. Historically, this area has acted as a significant resistance twice, and once broken, it led to a notable bullish continuation.

Currently, price action is testing this level again, and given its historical importance, I see potential for a long setup if bullish confirmation appears.

📌 My Targets (TP):
- TP1: 470
- TP2: 658
- TP3: 743

🛡️ Stop Loss: 299

🕒 Timeframe: Daily
📈 Perspective: Long-term

⚠️ Disclaimer: This is not financial advice or a buy/sell signal. Just sharing my personal view based on technical analysis.