$ZEC is in a downtrend, with a clear structure of lower highs and lower lows. It is also currently trading below the 4-hour EMA20 (1245), which acts as immediate resistance.
• Spot CVD remains weak or flat, indicating a lack of aggressive spot buying to drive a structural reversal, while the overall market structure continues to favor sellers.
$ZEC Short Scenario (70% priority)
· Short entry: 1240 to 1255
(Retest of the 1-hour EMA20 (1228) and 4-hour EMA20 (1245))
· Stop loss (SL): > 1275
· Take profit (TP): 1195 (structural support), 1112 (major structural low)
$ZEC Long Scenario (30% priority): Countertrend scalp, only if it successfully holds 1190 to 1200.
Support me by trading here 👇#zec #zcash
• Spot CVD remains weak or flat, indicating a lack of aggressive spot buying to drive a structural reversal, while the overall market structure continues to favor sellers.
$ZEC Short Scenario (70% priority)
· Short entry: 1240 to 1255
(Retest of the 1-hour EMA20 (1228) and 4-hour EMA20 (1245))
· Stop loss (SL): > 1275
· Take profit (TP): 1195 (structural support), 1112 (major structural low)
$ZEC Long Scenario (30% priority): Countertrend scalp, only if it successfully holds 1190 to 1200.
Support me by trading here 👇#zec #zcash