​🚨 $ZEC CRASHES -12%! OVERSOLD REBOUND OR MORE DOWN-TREND? 📉
​$ZEC (Zcash) saw a heavy sell-off from its high, dropping all the way to 1,066.19 before hovering near 1,075.04 (-12.82%).
​⚠️ Technical Analysis & Indicators:
​Extreme Oversold Conditions: Both 1H RSI (16.74) and 4H RSI (16.04) are in deep oversold territory, indicating extreme selling pressure that often triggers a quick technical bounce.
​Heavy Bearish Momentum: 1H MACD (-8.75) and 4H MACD (-24.87) remain firmly negative with strong selling bars.
​Key Dynamic Resistance: Price is trading far below the 1H MA7 (1,102.99) and 4H MA7 (1,160.75), which act as major immediate resistance levels.
​🎯 Counter-Trend Long Setup Scenario (Relief Rebound Plan):
​Entry Zone: 1,065.00 – 1,080.00 (Near 24h Low Support)
​Target 1 (TP1): 1,102.00 (1H MA7 Resistance)
​Target 2 (TP2): 1,140.00 (4H EMA7 Zone)
​Target 3 (TP3): 1,160.00 (Major Resistance Area)
​Stop Loss (SL): 1,045.00 (Below 24h Low)
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​What's your prediction for $ZEC?