Another day of blazing fire has you guys sitting there uneasy with
$ZEC , right? Don’t see the price dropping by more than 6% and start panic-selling—this market isn’t for the faint-hearted!
Just look at the live electronic board right now: the SHORT side is holding the upper hand as the price keeps getting pushed down under the moving average lines.
Let’s do a bit of hands-on technical analysis so it’s easier to picture:
🔹 1-hour timeframe: MA(20) is at 386.69 and EMA(9) is 381.43. Both lines are acting as hard resistance at the top. Every time the price touches them, it gets pushed back—showing the selling pressure is still stubborn and persistent.
🔹 15-minute timeframe: MA(20) is at 381.63 and EMA(9) is at 377.02. The current price at 374.08 still hasn’t managed to break through these short-term resistance levels. This confirms that in the short term, the downtrend is still absolutely dominant.
My personal setup for this trade is as follows:
📌 Position: SHORT.
🎯 Entry zone: Wait for a slight rebound into the 377–378 area.
🎯 Take profit (TP): 362–365 area.
🎯 Stop loss (SL): Place it above 383. If the price breaks through this level, then we on the SHORT side are wrong—we need to exit immediately.
For brothers who are stuck in a position, don’t try to average down in a DUMP trend this strong. Wait for clearer reversal confirmation signals instead of catching a falling knife.
What do you think about this crash? Will
$ZEC be able to recover back to the 400 level this week, or will it drop even deeper?
Note: This is my personal viewpoint, not investment advice. Trading always comes with risk (DYOR).
#Crypto #Trading #Zcash