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$ZEC Signal】1H Oversold Rebound Play, Watch for Key Resistance Breakout
$ZEC The 1H timeframe is trading within a narrow range of 230-233, with the price already reaching a short-term oversold zone (RSI 1H 35.28). The 4H timeframe remains in a downtrend, but the 1H chart shows weakening selling pressure, with buy-side depth (bid_ask_ratio_depth 1.14) slightly in favor, and open interest (OI) stable, indicating that downward momentum may be waning and a technical rebound is possible.
🎯Direction: Long (Play for a short-term rebound)
🎯Entry/Orders: 232.8 - 233.5 (Reason: upper boundary of the