$ZEC: Breaks Below Critical Support: Further Drop Expected
SHORT SETUP ZEC
Entry: $1278.00 - $1280.00
Stop Loss: $1325.00
Take Profit: $1187.00 (2R)
Key Levels: Support $1190.33 | Resistance $1280.00
Technical Analysis for $ZEC: ZEC is trading at 1279, just below the 1H/4H resistance of 1280. Together, these indicators favor SHORT continuation toward support. Negative momentum and trend readings give this setup a clear bearish structure. The nearby resistance and support levels frame the current market structure. Together, these indicators favor SHORT continuation toward support.
Market Context: BTC is up 1.75% on the day, holding a bullish stance on the 1day chart, while overall market breadth remains broadly positive
SHORT $ZEC
SHORT SETUP ZEC
Entry: $1278.00 - $1280.00
Stop Loss: $1325.00
Take Profit: $1187.00 (2R)
Key Levels: Support $1190.33 | Resistance $1280.00
Technical Analysis for $ZEC: ZEC is trading at 1279, just below the 1H/4H resistance of 1280. Together, these indicators favor SHORT continuation toward support. Negative momentum and trend readings give this setup a clear bearish structure. The nearby resistance and support levels frame the current market structure. Together, these indicators favor SHORT continuation toward support.
Market Context: BTC is up 1.75% on the day, holding a bullish stance on the 1day chart, while overall market breadth remains broadly positive
SHORT $ZEC