📉 $ZEC Short Playing Out Perfectly! Do Not Rush to Buy Yet 📉
Our bearish breakdown on ZEC/USDT is moving exactly as anticipated. Following the breakdown of the major ascending trendline, the price has faced strong rejection and continues to slide downward.
If you are short, the trade is playing out beautifully. If you are looking to long, patience is key right now.
📉 Trendline Breakdown & Target Progress
The Setup: The 1-hour and 2-hour charts confirm a clean break below the support trendline near $597.
Current Status: Price action remains heavy under bearish pressure, currently trading around $523.
📍 Lower Targets to Watch
Do not hurry to catch a falling knife. Wait for a solid base to form around these key support levels before looking for any recovery:
Target 1: $486.82
Target 2: $466.67 (Potential 15% drop from current levels)
💡 Trading Strategy
🔴 For Short Sellers: Keep trailing your stop losses in profit as we approach the first major support zone near $487.
🟢 For Buyers: Stand aside and wait for a clear reversal pattern or demand response at the lower horizontal support levels before looking for long setups.
Let the market come to you!$ZEC
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