🚨$ZEC /USDT IS SHOWING SIGNS OF ANOTHER SHARP DROP!
It is trading around $1,243 on the 4H chart, and the latest price action is giving bears a reason to stay confident. After pushing toward the $1,300 - $1,325 resistance zone, it failed to hold its gains and dropped sharply back toward $1,243. That rejection is important because sellers have already shown strong pressure around the same area.
My focus is now on the $1,220–$1,230 support zone. If it loses this area, the next downside move could take price toward $1,200, with the broader $1,150–$1,200 region becoming the next area to watch. A break below $1,200 would make the chart look even weaker and could open the door to further downside.
Short Trading Plan📉
* Entry zone: $1,240–$1,255
* Stop loss: $1,275
* TP1: $1,220
* TP2: $1,200
* TP3: $1,170
The bearish setup depends on selling pressure continuing and price failing to reclaim the nearby resistance levels. If buyers defend $1,220–$1,230 and push ZEC back above $1,275, this short idea loses strength. For now, I’m watching the downside because the rejection from $1,300+ has shifted attention back to support.
Will $ZEC break below $1,200 next, or are buyers preparing another recovery?
#zcash #ZECUSDTAnalysis #zec #bearishmomentum
It is trading around $1,243 on the 4H chart, and the latest price action is giving bears a reason to stay confident. After pushing toward the $1,300 - $1,325 resistance zone, it failed to hold its gains and dropped sharply back toward $1,243. That rejection is important because sellers have already shown strong pressure around the same area.
My focus is now on the $1,220–$1,230 support zone. If it loses this area, the next downside move could take price toward $1,200, with the broader $1,150–$1,200 region becoming the next area to watch. A break below $1,200 would make the chart look even weaker and could open the door to further downside.
Short Trading Plan📉
* Entry zone: $1,240–$1,255
* Stop loss: $1,275
* TP1: $1,220
* TP2: $1,200
* TP3: $1,170
The bearish setup depends on selling pressure continuing and price failing to reclaim the nearby resistance levels. If buyers defend $1,220–$1,230 and push ZEC back above $1,275, this short idea loses strength. For now, I’m watching the downside because the rejection from $1,300+ has shifted attention back to support.
Will $ZEC break below $1,200 next, or are buyers preparing another recovery?
#zcash #ZECUSDTAnalysis #zec #bearishmomentum
