🔥 $ZEC — Strong Downtrend Continues | Clean Trading Breakdown
$ZEC is still moving inside a major downtrend, with sellers clearly in control. Price continues to get rejected from higher levels, and the chart suggests more downside unless we see a strong reversal.
📉 Short Setup
Entry Zone: $343 – $360
Stop-Loss: $413.23
Take-Profit:
• TP1: $300
• TP2: $240.35
⚠️ Key Technical Signals
EMA 50: Acting as a powerful resistance near $413, pushing price down every time it tries to rise.
RSI (6): Oversold around 31, signaling a possible small bounce — but overall trend is still bearish.
MACD: Deep in negative territory at -21, confirming strong selling pressure.
🔮 Outlook
If $ZEC fails to stay above $340, there’s a high chance it retests the $326 low.
A clean breakdown below this area could open the door toward $220, which lines up with the EMA 200 — a major long-term support zone.
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