$ZEC: Lower High Pattern Confirmed: Short Target in View
SHORT SETUP ZEC
Entry: $1324.00 - $1324.60
Stop Loss: $1372.20
Take Profit: $1228.50 (2R)
Key Levels: Support $1314.85 | Resistance $1329.99
Technical Analysis for $ZEC: Price sits below EMA9200 and MACD is deep negative, indicating bearish momentum. RSI 43 and Stochastic ~33 add pressure. Orderbook shows a modest bid tilt, but the 1H/4H swing puts resistance at 1329.99 and support at 1314.85. A break below the 13241325 range could target the next support near 1228, with a stop above 1372 (EMA200).
Market Context: BTC is bearish with a 1.76% 24h decline and the overall market breadth is broadly negative.
SHORT $ZEC
SHORT SETUP ZEC
Entry: $1324.00 - $1324.60
Stop Loss: $1372.20
Take Profit: $1228.50 (2R)
Key Levels: Support $1314.85 | Resistance $1329.99
Technical Analysis for $ZEC: Price sits below EMA9200 and MACD is deep negative, indicating bearish momentum. RSI 43 and Stochastic ~33 add pressure. Orderbook shows a modest bid tilt, but the 1H/4H swing puts resistance at 1329.99 and support at 1314.85. A break below the 13241325 range could target the next support near 1228, with a stop above 1372 (EMA200).
Market Context: BTC is bearish with a 1.76% 24h decline and the overall market breadth is broadly negative.
SHORT $ZEC
