Bulls failed to reclaim control... and sellers are eyeing lower liquidity zones.
$ZEC /USDT – SHORT
Trade Plan
Entry: $600.00 – $620.00
SL: $655.00
TP1: $572.00
TP2: $550.29
TP3: $510.00
Why This Setup?
4H Structure: ZEC continues to print lower highs after rejection from higher levels, keeping the short-term bearish structure intact.
Price Positioning: Trading below major resistance at $688.60 shows buyers have not yet regained control of momentum.
Daily Context: Unless price can reclaim and hold above key resistance zones, the broader trend favors continuation toward lower support levels.
RSI Context: Momentum remains weak on the 4H chart, suggesting that rallies may be sold into rather than aggressively bought.
Volume Behavior: Selling pressure has been stronger than buying pressure during recent swings, indicating distribution rather than accumulation.
As long as price remains below $688.60, bears maintain the advantage and the market could continue targeting liquidity resting around $572 and $550.
Debate:
Is ZEC preparing for another leg down toward $550 and below...
Or will buyers step in near support and trigger a short-squeeze reversal?
Click Trade here 👇
