ZEC | Bearish Momentum Analysis
Current Price: $246.13 (-11.72%)
Trend: Strongly bearish – trading below all key EMAs (7, 25, 99) on the 30-minute chart. Seller dominance remains evident.
Key Resistance Zone: $260 – $265
· Failure to reclaim this area is likely to extend the downtrend toward lower support levels.
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Trade Setup – Short Bias
· Entry Zone: $252 – $258
· Take Profit Levels:
TP1: $245
TP2: $238
TP3: $228
· Stop Loss: $266
Invalidation Level
A sustained move above $266 would break the current bearish structure and suggest a possible reversal or consolidation.
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Context: Price action remains pressured, with bearish continuation favored as long as resistance holds. Monitor the $260–265 zone for rejection signals.
Current Price: $246.13 (-11.72%)
Trend: Strongly bearish – trading below all key EMAs (7, 25, 99) on the 30-minute chart. Seller dominance remains evident.
Key Resistance Zone: $260 – $265
· Failure to reclaim this area is likely to extend the downtrend toward lower support levels.
---
Trade Setup – Short Bias
· Entry Zone: $252 – $258
· Take Profit Levels:
TP1: $245
TP2: $238
TP3: $228
· Stop Loss: $266
Invalidation Level
A sustained move above $266 would break the current bearish structure and suggest a possible reversal or consolidation.
---
Context: Price action remains pressured, with bearish continuation favored as long as resistance holds. Monitor the $260–265 zone for rejection signals.