$ZEC/USDT: SHORT TRADE SIGNAL
Technical Analysis
The $ZEC/USDT 1-hour chart exhibits a bearish market structure following a sharp rejection at the 258.48 resistance level. The price has recently slipped below the MA(7), MA(25), and is currently struggling to maintain its position above the MA(99) at 239.12. The formation of lower highs and a breakdown from recent consolidation suggests that sellers are gaining control. If the price fails to reclaim the moving averages, a continuation toward the previous low at 231.30 is highly probable.
Trade Setup
* Entry: 237.17 – 239.50
* Target 1 (TP): 231.30
* Target 2 (TP): 224.50
* Target 3 (TP): 218.00
* Stop Loss (SL): 246.50
Market Outlook
The short-term outlook remains bearish as the asset undergoes a correction phase after failing to sustain higher levels. Negative momentum is building, and the lack of significant buy volume at current support suggests further downside risk. Traders should watch for a confirmed candle close below 236.00 to validate the bearish continuation.