๐ $ZEC (ZECUSDT) โ ๐ด SHORT
๐ฐ Current price: 1048.22 USDT (24h: -10.34% | Vol 24h: 254.99M USDT)
๐ฏ Entry (Entry zone): 1048.22 - 1052.41
โ TP1 (Take profit 1): 1001.05
โ TP2 (Take profit 2): 963.314
๐ SL (Stop loss): 1071.28
๐ Technical analysis: On the 4H chart, ZEC is trading below the EMA7 at 1113.46 following a sharp decline, indicating that sellers remain in control of the short-term structure. RSI(14) at 19 reflects extreme selling pressure, but the price has not reclaimed the equilibrium zone and remains far below the nearby resistance at 1249.69. The 24h low at 994.220 is a support level to watch; if selling pressure persists alongside trading volume of 254.99M USDT, the lower TP1 and TP2 levels remain the preferred scenario, while the SL above 1071.28 invalidates the trade if the price rebounds sharply.
โ ๏ธ Disclaimer: This analysis is for informational purposes only and is not investment advice. Do your own research (DYOR) and manage your capital carefully before trading.
๐ฐ Current price: 1048.22 USDT (24h: -10.34% | Vol 24h: 254.99M USDT)
๐ฏ Entry (Entry zone): 1048.22 - 1052.41
โ TP1 (Take profit 1): 1001.05
โ TP2 (Take profit 2): 963.314
๐ SL (Stop loss): 1071.28
๐ Technical analysis: On the 4H chart, ZEC is trading below the EMA7 at 1113.46 following a sharp decline, indicating that sellers remain in control of the short-term structure. RSI(14) at 19 reflects extreme selling pressure, but the price has not reclaimed the equilibrium zone and remains far below the nearby resistance at 1249.69. The 24h low at 994.220 is a support level to watch; if selling pressure persists alongside trading volume of 254.99M USDT, the lower TP1 and TP2 levels remain the preferred scenario, while the SL above 1071.28 invalidates the trade if the price rebounds sharply.
โ ๏ธ Disclaimer: This analysis is for informational purposes only and is not investment advice. Do your own research (DYOR) and manage your capital carefully before trading.