#zec $ZEC ✅ LONG SETUP (Preferred)
**Entry Price:**
👉 397.50
**Take Profit:**
🎯 TP1: 405.00
🎯 TP2: 412.00
🎯 TP3: 419.00
**Stop Loss:**
🛑 393.00 (clear invalidation below recent swing low)
**Why Long?**
- Strong +3.6% recovery from daily low $376 → buyers stepping in aggressively
- Price reclaiming above all MAs (5/10/20) + forming higher lows
- Volume spike on upside candles → momentum shifting bullish after heavy dump
- Positive news catalyst: Zcash developers unveil CashZ Wallet → first major positive development post-team quit drama
- Risk: Fake recovery – quick drop if $393 breaks with volume
**Action Plan:**
- Enter exactly at **397.50** on bullish candle confirmation
- Book 40% at TP1, trail rest
- Hold for TP3 targeting previous high retest
NFA – DYOR. This looks like a classic news-driven bounce – good risk/reward if momentum continues!
Ready to long the recovery, boss? News flipped the script! 🚀💰