⚠️ $ZEC is pressing into the lows — and I’m watching 1,096 closely.
What caught my attention is the clear short-term downward structure on the chart. Price has been making lower highs and lower lows, with the latest move dropping toward 1,096.14. Momentum still looks weak, and the visible MA60 at 1,110.41 is sitting well above price, reinforcing the current bearish structure.
📉 Key levels:
Support: 1,096.14 — current visible low/price area.
Resistance: 1,099.04 is the first level I’d want to see reclaimed.
Major overhead resistance: around 1,109.42–1,110.41, where the MA60 is located.
For me, the important question is whether 1,096.14 holds. A clean bounce from this area followed by a reclaim of 1,099.04 would make the chart more interesting for a recovery attempt.
On the other hand, continued selling below the current low would weaken the bullish case significantly.
🟡 I’m not chasing here. I’d wait for confirmation around the visible support/resistance levels before considering an entry.
Volume is visible, with 24h volume around 371.80M USDT, but the chart alone doesn’t give enough information for a reliable TP or SL.
What caught my attention is the clear short-term downward structure on the chart. Price has been making lower highs and lower lows, with the latest move dropping toward 1,096.14. Momentum still looks weak, and the visible MA60 at 1,110.41 is sitting well above price, reinforcing the current bearish structure.
📉 Key levels:
Support: 1,096.14 — current visible low/price area.
Resistance: 1,099.04 is the first level I’d want to see reclaimed.
Major overhead resistance: around 1,109.42–1,110.41, where the MA60 is located.
For me, the important question is whether 1,096.14 holds. A clean bounce from this area followed by a reclaim of 1,099.04 would make the chart more interesting for a recovery attempt.
On the other hand, continued selling below the current low would weaken the bullish case significantly.
🟡 I’m not chasing here. I’d wait for confirmation around the visible support/resistance levels before considering an entry.
Volume is visible, with 24h volume around 371.80M USDT, but the chart alone doesn’t give enough information for a reliable TP or SL.
