【$ZEC Signal】Short squeeze initiated, breakout confirmed on pullback

$ZEC After a volume breakout above the previous high on the 4-hour chart, the price is consolidating healthily above the key resistance turn support.

🎯Direction: Long

🎯Entry: 245.5 - 247.0

🛑Stop Loss: 239.0 (Rigid stop loss, break below previous low and EMA20 support)

🚀Target 1: 260.0

🚀Target 2: 275.0

Market Analysis:

Price volume breakout above the previous high of 244.95 confirms a reversal of the short-term downtrend. The 4-hour buy/sell ratio rose to 0.52 during the breakout, indicating active buying pressure.

Core Logic:

1. Short squeeze structure: Funding rate is -0.0005%, negative, but open interest (OI) remains stable, while the price surges significantly. This is a typical early-stage short squeeze, where forced short covering will push prices higher.

2. Technical resonance: Price has already broken above EMA20 (236.12), RSI (57.07) has rebounded strongly from oversold territory to a healthy zone, leaving room for further upside. ATR (8.7) indicates increased volatility, supporting trend continuation.

3. Order book support: Depth imbalance (-24.29%) shows light selling pressure, with significant buy orders accumulated around 246.2-246.3 (totaling over 100 ZEC), forming immediate support.

4. Pullback entry: The current price is oscillating slightly above the breakout level, serving as a test of the breakout's validity. As long as it does not fall below the support at the previous high (244.9), the upward path has a higher probability.

Risk warning: If the price fails to hold above 245 and breaks below EMA20, the breakout may fail, and strict stop loss is required.

Trade here 👇 $ZEC

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