🚨 $ZEC structure shows lower highs 1679 followed by 1625, indicating a prevailing bearish bias.
· Price has broken below 1539 support level and is currently attempting to establish a base near the 1515 zone.
· Momentum appears to be slowing down, with price hovering just above the recent local bottom of 1515. A clear direction will likely emerge once this tight range is broken.
🎯 TRADING SET UP
🟢 $ZEC LONG SCENARIO (Catching the Bounce):
· Condition: price holds 1515 support zone firmly with volume.
· Entry: 1515 - 1525
· SL: below 1485 (recent swing low)
· TP (Take Profit):
· TP1: 1550 (Immediate short-term resistance).
· TP2: 1600
🔴 $ZEC SHORT SCENARIO (Riding the Downtrend):
· Condition: price retests 1550 - 1575 resistance zone but fails to break it, or crashes below 1515 with strong selling pressure.
· Entry: 1550 - 1575 (Sell at resistance) or sell on a breakdown below 1515.
· SL: above 1600 (immediate resistance zone).
· TP:
· TP1: 1515 (Current support).
· TP2: 1456 (Recent major swing low)
Support me just Trade here👇
#zec #zcash
· Price has broken below 1539 support level and is currently attempting to establish a base near the 1515 zone.
· Momentum appears to be slowing down, with price hovering just above the recent local bottom of 1515. A clear direction will likely emerge once this tight range is broken.
🎯 TRADING SET UP
🟢 $ZEC LONG SCENARIO (Catching the Bounce):
· Condition: price holds 1515 support zone firmly with volume.
· Entry: 1515 - 1525
· SL: below 1485 (recent swing low)
· TP (Take Profit):
· TP1: 1550 (Immediate short-term resistance).
· TP2: 1600
🔴 $ZEC SHORT SCENARIO (Riding the Downtrend):
· Condition: price retests 1550 - 1575 resistance zone but fails to break it, or crashes below 1515 with strong selling pressure.
· Entry: 1550 - 1575 (Sell at resistance) or sell on a breakdown below 1515.
· SL: above 1600 (immediate resistance zone).
· TP:
· TP1: 1515 (Current support).
· TP2: 1456 (Recent major swing low)
Support me just Trade here👇
#zec #zcash
