$ZEC Strong downtrend. The chart shows a clear sequence of lower highs (1698 -> 1494 -> 1368) and lower lows (1356 -> 1271). Price was strongly rejected from the 1368 area and is now testing recent lows.
🔴 $ZEC Short scenario (preferred)
· Short entry: 1300 - 1310 (retest of the broken support zone)
· Stop loss: Above 1375 (recent rejection high, to protect against a false breakout)
· Take profit: 1270 (recent swing low), 1250 (next major psychological support level).
🟢 $ZEC Long scenario (countertrend): Enter only if a strong bullish reversal candle appears in the 1270-1280 support zone (a potential double bottom may form here)
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#zec #zcash
🔴 $ZEC Short scenario (preferred)
· Short entry: 1300 - 1310 (retest of the broken support zone)
· Stop loss: Above 1375 (recent rejection high, to protect against a false breakout)
· Take profit: 1270 (recent swing low), 1250 (next major psychological support level).
🟢 $ZEC Long scenario (countertrend): Enter only if a strong bullish reversal candle appears in the 1270-1280 support zone (a potential double bottom may form here)
Support me by trading here 👇
#zec #zcash
