🟡 $ZEC / USDT – 15m Technical Analysis

ZEC is trading around 391.93, after a strong rejection from 404.77 and a sharp downside wick toward 384.59, followed by a weak stabilization.

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📉 EMA Structure

EMA(7): 394.65

EMA(25): 396.40

EMA(99): 393.38

➡️ Price is below EMA 7 & EMA 25, and hovering near EMA 99, showing short-term bearish pressure with a possible pause zone. EMAs are starting to roll over → momentum favors sellers.

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🔑 Key Levels

Immediate Support: 390 – 388

Major Support: 385 – 382

Immediate Resistance: 395 – 397

Major Resistance: 401 – 405

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📊 Price Action Insight

A liquidity sweep occurred below 390, with a long downside wick to 384.59, signaling buying interest at lower levels. However, the recovery lacks strength, indicating this is absorption, not reversal yet.

Structure remains weak below 396–397.

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🔮 Scenarios

Relief bounce: Hold above 388–390 → push toward 395 – 398

Bear continuation: Lose 388 → next drop toward 385 → 382

Range play: Chop between 388 – 398 before direction resolves

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🧠 Trade Ideas (Short-Term)

Aggressive long (scalp):

Buy: 388 – 390

TP1: 395

TP2: 398

SL: 383

Safer short:

Sell on rejection: 397 – 400

Targets: 392 → 388

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📌 Bias

Bearish → Neutral (short-term)

ZEC remains weak below 398. A strong reclaim and hold above EMA 25 + 400 level with volume is required to flip bullish.

If you want, I can:

Check 1H / 4H trend strength

Compare ZEC vs other PoW coins

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