I’m looking at a clear short-term drop on $ZEC /USDT, with price currently around 1,138.51. The chart shows a sharp selloff into 1,135.18, followed by a modest bounce, so I’m watching whether this recovery can actually build momentum.
For me, the important area is 1,137.14–1,139.09. Price is trying to recover from the recent low, but it remains below the visible MA60 at 1,143.58, which keeps the setup cautious.
📍 Entry: 1,137.14–1,139.09, only if price holds this area and continues recovering
🎯 TP1: 1,141.04
🎯 TP2: 1,142.99
🎯 TP3: 1,143.58
🛑 Invalidation: 1,135.18
If price loses 1,135.18, I’d step away from this setup because that would mean the recent bounce has failed and the visible short-term weakness is still dominating.
I’m not treating this as a guaranteed reversal. The move is still below the MA60, so I’d want to see stronger price acceptance above the nearby levels before becoming more confident.
For me, the important area is 1,137.14–1,139.09. Price is trying to recover from the recent low, but it remains below the visible MA60 at 1,143.58, which keeps the setup cautious.
📍 Entry: 1,137.14–1,139.09, only if price holds this area and continues recovering
🎯 TP1: 1,141.04
🎯 TP2: 1,142.99
🎯 TP3: 1,143.58
🛑 Invalidation: 1,135.18
If price loses 1,135.18, I’d step away from this setup because that would mean the recent bounce has failed and the visible short-term weakness is still dominating.
I’m not treating this as a guaranteed reversal. The move is still below the MA60, so I’d want to see stronger price acceptance above the nearby levels before becoming more confident.
