$ZEC /USDT – Short-Term Bearish Setup
I'm seeing strong selling pressure on ZEC right now. The move below the MA60 is quite sharp, and the sudden increase in red volume suggests sellers are currently dominating this short-term move.
Price is trading around 1,191.91, after dropping from the 1,206–1,207 area. We also saw a sharp dip toward 1,188.66, followed by a small bounce. For me, this is not enough confirmation of a reversal yet.
Key levels I'm watching:
* Immediate resistance: 1,193.23
* Stronger resistance: 1,197.80–1,202.38
* MA60 resistance: 1,204.38
* Recent low: 1,188.66
I'd prefer to see a weak retest of the 1,193–1,198 zone before considering a bearish continuation. A recovery above that area could weaken the short idea.
📍 Entry: No confirmed entry yet; watch 1,193–1,198 for rejection. 🎯 TP1: 1,188.66 🎯 TP2: Not established 🎯 TP3: Not established 🛑 Invalidation: A sustained recovery above 1,202.38 would weaken the setup.
If price reclaims 1,202.38, I'd step away from this bearish idea because sellers may be losing control.
My view: Momentum is clearly bearish, but after such a sharp drop, I'd rather wait for a proper retest than chase the move.
I'm seeing strong selling pressure on ZEC right now. The move below the MA60 is quite sharp, and the sudden increase in red volume suggests sellers are currently dominating this short-term move.
Price is trading around 1,191.91, after dropping from the 1,206–1,207 area. We also saw a sharp dip toward 1,188.66, followed by a small bounce. For me, this is not enough confirmation of a reversal yet.
Key levels I'm watching:
* Immediate resistance: 1,193.23
* Stronger resistance: 1,197.80–1,202.38
* MA60 resistance: 1,204.38
* Recent low: 1,188.66
I'd prefer to see a weak retest of the 1,193–1,198 zone before considering a bearish continuation. A recovery above that area could weaken the short idea.
📍 Entry: No confirmed entry yet; watch 1,193–1,198 for rejection. 🎯 TP1: 1,188.66 🎯 TP2: Not established 🎯 TP3: Not established 🛑 Invalidation: A sustained recovery above 1,202.38 would weaken the setup.
If price reclaims 1,202.38, I'd step away from this bearish idea because sellers may be losing control.
My view: Momentum is clearly bearish, but after such a sharp drop, I'd rather wait for a proper retest than chase the move.