$ZEC USDT SHORT SETUP HEAVY REJECTION AT $1,595, RETRACEMENT TOWARD $1,000
$ZEC faced strong rejection at the $1,595.30 high and printed a clear upper wick. Profit taking has started at the top, buyers are losing momentum, and the chart is now showing a sharp correction.
RSI (6) has dropped to 48.12, showing that sellers are gaining control. Price is also heavily extended from the EMAs, so a deeper pullback toward the $1,000 EMA 200 support zone could happen.
High Confidence Trade Setup: ZEC / USDT
Entry Zone: 1,480 – 1,510
(Current price around 1,490 for short entries)
Targets:
• TP 1: 1,410
• TP 2: 1,315
• TP 3: 1,180
• TP 4 1,000
Stop Loss: 1,600
Technical Reasons:
Strong Overhead Rejection: A strong selling wick formed at the $1,595.30 peak, showing clear rejection from the top.
RSI Breakdown: RSI has dropped to around 48, leaving more room for downside movement.
EMA 200 Retest: After the parabolic move, a retest of the EMA 200 support around $1,019 could be a possible technical move.
$ZEC faced strong rejection at the $1,595.30 high and printed a clear upper wick. Profit taking has started at the top, buyers are losing momentum, and the chart is now showing a sharp correction.
RSI (6) has dropped to 48.12, showing that sellers are gaining control. Price is also heavily extended from the EMAs, so a deeper pullback toward the $1,000 EMA 200 support zone could happen.
High Confidence Trade Setup: ZEC / USDT
Entry Zone: 1,480 – 1,510
(Current price around 1,490 for short entries)
Targets:
• TP 1: 1,410
• TP 2: 1,315
• TP 3: 1,180
• TP 4 1,000
Stop Loss: 1,600
Technical Reasons:
Strong Overhead Rejection: A strong selling wick formed at the $1,595.30 peak, showing clear rejection from the top.
RSI Breakdown: RSI has dropped to around 48, leaving more room for downside movement.
EMA 200 Retest: After the parabolic move, a retest of the EMA 200 support around $1,019 could be a possible technical move.
