Technical analysis by TrendingMoves about Symbol ZEC: Buy recommendation (11/8/2025)

📊 Market Update | Zcash Key Support Levels Ahead The price action is currently hovering near the $515 zone, which coincides with the 0.618 retracement — acting as immediate minor support. If this level fails to hold, we could see a short-term continuation toward deeper Fibonacci zones. 🔹 Support Structure: $515 (.618 Fib) → Minor support. Losing this could trigger a quick selloff. $482 (.706 Fib) → First strong support area; expect buyers to test momentum here. $454 (.786 Fib) → Secondary support; deeper correction zone if sentiment weakens further. $385 → Major support and potential reversal zone. If price reaches this area, it could mark a long-term accumulation opportunity. 🔸 Market Outlook: Momentum remains cautious with sellers showing dominance near resistance zones. However, watch for volume spikes or bullish divergence on lower timeframes around the $482–$454 range, as that’s where potential short-term reversal setups could emerge. As long as $515 holds, structure remains healthy for a possible bounce. A clean breakdown below it, however, would confirm weakness and open doors toward the next supports. 🧭 Strategy: Traders may consider scaling in gradually between $482–$454 with tight risk management, or wait for a confirmed retest above $515 for a safer re-entry.Jumped from 515 support. taking profit here. right now trading above 9ema daily. hold on to that and we can see some more up