ZEC/USDT – Sharp Rejection! Bears Taking Control Below MA60
I'm watching $ZEC closely after a sharp rejection from the recent spike toward $1,240. Buyers initially pushed price higher, but that momentum faded quickly, sending ZEC back below its MA60.
Price is currently trading at $1,212.61, down 7.10% over the last 24 hours.
What catches my attention is the aggressive reversal following the volume spike. The MA60 at $1,219.97 is now my key reference for a potential bearish continuation.
I wouldn't chase this drop immediately. I'd prefer a weak recovery toward the moving average before considering a short.
My Trade Idea – ZEC SHORT
📍 Entry: $1,218.81–$1,219.97 (on bearish rejection)
🎯 TP1: $1,212.61
🎯 TP2: $1,203.56
🛑 Invalidation: Sustained recovery above $1,226.42.
A move back above $1,226.42 would weaken the immediate bearish setup and suggest buyers are regaining control.
The recent volume expansion confirms increased trading activity around the sharp price swing, although it doesn't guarantee continued selling.
For now, the short-term structure favors sellers, but entering after such a steep decline offers limited confirmation.
I'm waiting for a retest rather than forcing an entry at the bottom of the move.
I'm watching $ZEC closely after a sharp rejection from the recent spike toward $1,240. Buyers initially pushed price higher, but that momentum faded quickly, sending ZEC back below its MA60.
Price is currently trading at $1,212.61, down 7.10% over the last 24 hours.
What catches my attention is the aggressive reversal following the volume spike. The MA60 at $1,219.97 is now my key reference for a potential bearish continuation.
I wouldn't chase this drop immediately. I'd prefer a weak recovery toward the moving average before considering a short.
My Trade Idea – ZEC SHORT
📍 Entry: $1,218.81–$1,219.97 (on bearish rejection)
🎯 TP1: $1,212.61
🎯 TP2: $1,203.56
🛑 Invalidation: Sustained recovery above $1,226.42.
A move back above $1,226.42 would weaken the immediate bearish setup and suggest buyers are regaining control.
The recent volume expansion confirms increased trading activity around the sharp price swing, although it doesn't guarantee continued selling.
For now, the short-term structure favors sellers, but entering after such a steep decline offers limited confirmation.
I'm waiting for a retest rather than forcing an entry at the bottom of the move.