$ZEC /USDT – Short Setup

Current Price: $489.71 (Binance $489.47)

24H High / Low: $530 / $477.60

24H Volume: 354,088 ZEC | 179.77M USDT

Outlook:

ZEC has rejected the $500–$504 zone, showing strong resistance.

Price is trending down from the 24H high, forming lower highs and lower lows on the 1H–4H charts.

Short-term momentum favors sellers, especially below $492.

Entry Range for Short: $492 – $496

Target 1: $484

Target 2: $476 (strong support)

Stop Loss: $500

Technical Note:

Price is below the key resistance at $500, confirming bearish pressure.

Watch volume spikes for potential reversals; a break above $500 with strong volume could invalidate the short.

Strategy:

Enter on small retracements into $492–$496.

Keep stops tight above $500.

Take partial profits at $484, ride trend to $476 if momentum persists.