aggressivetrade

$ZEC /USDT – BLOWING THROUGH SUPPORT – MORE PAIN AHEAD

TRADE SETUP (SHORT)

· Entry Zone: $575 – $585
· Take Profits:
· TP1: $560
· TP2: $550
· TP3: $535
· Stop Loss: $595 (above MA99)

ZEC is down 5.17% and trading at $577.48, now below both MA25 ($582.28) and MA99 ($592.08) after rejecting the $619 high. The 24h low of $555 is dangerously close. Despite strong weekly and monthly gains, the current sell-off is violent and volume-backed. Expect a continuation toward $550 and potentially lower as profit-taking accelerates.

SHORT MARKET OUTLOOK

· Momentum: Bearish – sharp rejection from highs, price below key MAs
· Trend: Short-term breakdown; longer-term uptrend vulnerable
· Key Levels: Resistance $582 / $595 | Support $555 / $535

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