$ZEC /USDT Is Showing Strong Bearish Momentum on Both the Daily and 4H Charts
I’ve analyzed both the 1D and 4H charts, and the overall market structure is clearly showing bearish momentum. Price is facing selling pressure and approaching a critical support zone around $1,081.
If this support breaks down, we could see further downside, with $1,000 being a potential target for the next short opportunity.
However, if the market reverses and breaks above the nearby resistance at $1,111, we could see a recovery. A confirmed breakout above this level would be the first sign to watch for a potential long opportunity.
For now, I’m watching the key support and resistance levels closely. The next move will depend on which level the market breaks first.
I’ve analyzed both the 1D and 4H charts, and the overall market structure is clearly showing bearish momentum. Price is facing selling pressure and approaching a critical support zone around $1,081.
If this support breaks down, we could see further downside, with $1,000 being a potential target for the next short opportunity.
However, if the market reverses and breaks above the nearby resistance at $1,111, we could see a recovery. A confirmed breakout above this level would be the first sign to watch for a potential long opportunity.
For now, I’m watching the key support and resistance levels closely. The next move will depend on which level the market breaks first.