$ZEC At the current price of 411.92, ZEC is slightly below the short-term EMA(7) and EMA(25) levels of 413.67 and 413.46 respectively #Zec This suggests a mild bearish momentum in the short-term. The longer-term EMA(40) at 406.64 provides a strong support zone, which could act as a potential reversal point if price tests it.

The RSI at 34.69 is approaching the oversold region (below 30), indicating that selling pressure is present but not yet extreme. A further dip below 34 could signal increasing bearish momentum, while a bounce from support may offer buying opportunities.

Trend Assessment

Short-term trend: Slightly bearish (price below EMA(7) & EMA(25))

Medium-term trend: Neutral to slightly bullish (price above EMA(40))

Momentum: RSI suggests the market is nearing oversold, which may result in a short-term rebound.

Trade Ideas

Buy Long (Aggressive Bounce Play):

Entry: 411.90–412.50

Take Profit: 416.50–418.00

Stop Loss: 409.00

Risk-Reward: Favorable if the price bounces off EMA(40) support.

Sell Short (Breakdown Play):

Entry: 411.50–411.90

Take Profit: 407.50–406.50

Stop Loss: 414.00

Consider only if bearish momentum accelerates below EMA(25).