🚨 $ZEC Downtrend
Recent candles forming a clear rejection with a long upper wick near the high. The subsequent drop has occurred on relatively elevated volume compared to preceding consolidation periods, confirming selling interest. The price is now testing the lower end of its recent range.
Entry Short $ZEC : Wait for price bounce towards 1505-1535 resistance zone. A rejection in this area, would be a high-probability short entry signal.
Secondary Scenario : Break below key support at 1459 could be used for a continuation short entry.
Stop Loss: For entry near 1510-1520, a stop around 1550-1565 is appropriate. For a breakdown entry below 1459, a stop above 1505 (covering the recent range high) is prudent.
Target Price $ZEC : 1428-1380 USDT
Support me just Trade here👇
#zec #zcash
Recent candles forming a clear rejection with a long upper wick near the high. The subsequent drop has occurred on relatively elevated volume compared to preceding consolidation periods, confirming selling interest. The price is now testing the lower end of its recent range.
Entry Short $ZEC : Wait for price bounce towards 1505-1535 resistance zone. A rejection in this area, would be a high-probability short entry signal.
Secondary Scenario : Break below key support at 1459 could be used for a continuation short entry.
Stop Loss: For entry near 1510-1520, a stop around 1550-1565 is appropriate. For a breakdown entry below 1459, a stop above 1505 (covering the recent range high) is prudent.
Target Price $ZEC : 1428-1380 USDT
Support me just Trade here👇
#zec #zcash
