$ZEC: Bearish Divergence Spotted on Downside Targets Ahead
SHORT SETUP ZEC
Entry: $1142.50 - $1143.50
Stop Loss: $1183.52
Take Profit: $1061.96 (2R)
Key Levels: Support $1127.39 | Resistance $1143.56
Technical Analysis for $ZEC: ZEC is trading below its 9, 21 and 50EMA, with the MACD histogram still negative and the line under its signal, indicating bearish momentum. RSI sits at 48.9 and Stochastic K is under 50, adding to the downside bias. The pair respects a 1H/4H resistance near 1143 and support around 1127.
Market Context: BTC is in a bearish 4hour trend and the overall market breadth is broadly negative, with twothirds of assets red.
SHORT $ZEC
SHORT SETUP ZEC
Entry: $1142.50 - $1143.50
Stop Loss: $1183.52
Take Profit: $1061.96 (2R)
Key Levels: Support $1127.39 | Resistance $1143.56
Technical Analysis for $ZEC: ZEC is trading below its 9, 21 and 50EMA, with the MACD histogram still negative and the line under its signal, indicating bearish momentum. RSI sits at 48.9 and Stochastic K is under 50, adding to the downside bias. The pair respects a 1H/4H resistance near 1143 and support around 1127.
Market Context: BTC is in a bearish 4hour trend and the overall market breadth is broadly negative, with twothirds of assets red.
SHORT $ZEC