📉 ZECUSDT Short Setup in Focus 🔻
Trading Plan:
Bias: Short
Entry: 400 - 425
SL: 435
TP1–TP3: 355 / 305 / 280
Technical Analysis:
The asset remains in a distinct bearish trend on the 4-hour timeframe, characterized by a series of lower highs and lower lows. The price is currently in a counter-trend rally after finding support around the 300 level. This relief bounce is approaching a significant confluence of resistance between 400 and 425, which includes the EMA(99) and a key horizontal resistance area from late November. A rejection from this zone would signal a continuation of the dominant downtrend. Confirmation would be the formation of bearish price action patterns within the entry zone, suggesting the rally is losing momentum.
Invalidation:
Only a break above 435 would invalidate this bearish setup.
