Short trade on $ZEC
📉
Entry zone: 450 - 460
Targets: 400 - 320 - 200
Stop loss: 480
The price $ZEC is approaching a strong resistance zone after a sharp recovery wave from recent lows. It seems like the bullish momentum is starting to lose strength near these levels, while seller activity is increasing within the current price range.
As long as the price stays below 480, the bearish scenario remains in play, with the potential to target levels of 400, then 320, and the drop could extend to 200 if the selling pressure accelerates.
📉
Entry zone: 450 - 460
Targets: 400 - 320 - 200
Stop loss: 480
The price $ZEC is approaching a strong resistance zone after a sharp recovery wave from recent lows. It seems like the bullish momentum is starting to lose strength near these levels, while seller activity is increasing within the current price range.
As long as the price stays below 480, the bearish scenario remains in play, with the potential to target levels of 400, then 320, and the drop could extend to 200 if the selling pressure accelerates.