đŽ $ZEC /USDT â $1,349 Liquidity Sweep! Bearish Reversal Setup đšđ
ZEC is showing signs of bearish rejection after a powerful bullish rally, with price recently testing the major resistance and supply zone near $1,349.30. On the 1-hour chart, sellers have stepped in following the sharp upward move, suggesting a potential short-term correction.
The rejection from recent highs indicates possible profit-taking and weakening bullish momentum. If ZEC retests the $1,325â$1,345 supply zone and fails to break higher, a bearish move toward lower support levels could develop.
đ Technical Analysis:
- Timeframe: 1H
- Current Price: $1,309.50
- Key Resistance: $1,349.30
- Market Structure: Bullish overall, with short-term rejection
- Short Entry Zone: $1,325â$1,345 (after bearish confirmation)
đŻ Take Profit Levels:
- đ„ TP1: $1,300.00
- đ„ TP2: $1,260.00
- đ„ TP3: $1,227.00
đ Stop Loss: $1,365.00
đ„ Trading Strategy:
Watch for a liquidity sweep, bearish engulfing candle, or clear rejection from the resistance zone before considering a short position. A sustained breakout above $1,349.30 would weaken the bearish outlook.
â ïž Risk Management: ZEC remains up 6.11% over the displayed 24-hour period, making this a counter-trend short setup. Avoid chasing entries, use proper position sizing, and wait for confirmation.
đ Key Level to Watch: $1,349 â Rejection Could Trigger the Next Downside Move!
#ZEC #Zcash #CryptoTrading #TechnicalAnalysis #ZECUSDT
#zec
ZEC is showing signs of bearish rejection after a powerful bullish rally, with price recently testing the major resistance and supply zone near $1,349.30. On the 1-hour chart, sellers have stepped in following the sharp upward move, suggesting a potential short-term correction.
The rejection from recent highs indicates possible profit-taking and weakening bullish momentum. If ZEC retests the $1,325â$1,345 supply zone and fails to break higher, a bearish move toward lower support levels could develop.
đ Technical Analysis:
- Timeframe: 1H
- Current Price: $1,309.50
- Key Resistance: $1,349.30
- Market Structure: Bullish overall, with short-term rejection
- Short Entry Zone: $1,325â$1,345 (after bearish confirmation)
đŻ Take Profit Levels:
- đ„ TP1: $1,300.00
- đ„ TP2: $1,260.00
- đ„ TP3: $1,227.00
đ Stop Loss: $1,365.00
đ„ Trading Strategy:
Watch for a liquidity sweep, bearish engulfing candle, or clear rejection from the resistance zone before considering a short position. A sustained breakout above $1,349.30 would weaken the bearish outlook.
â ïž Risk Management: ZEC remains up 6.11% over the displayed 24-hour period, making this a counter-trend short setup. Avoid chasing entries, use proper position sizing, and wait for confirmation.
đ Key Level to Watch: $1,349 â Rejection Could Trigger the Next Downside Move!
#ZEC #Zcash #CryptoTrading #TechnicalAnalysis #ZECUSDT
#zec