$ZEC USDT BEARISH MOMENTUM PERSISTS AS PRICE SLIPS TOWARD KEY SUPPORT
Zcash (ZEC) is currently trading around $336.58, down -0.68%, indicating ongoing bearish pressure in the market. Sellers remain active, and price is drifting closer to important support zones.
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๐น Key Levels to Watch
Resistance Levels:
$360.00 โ First resistance; bulls need to reclaim this for momentum shift.
$376.28 โ Strong resistance where previous rejections occurred.
$380.00 โ $400.00 โ Major resistance range; breaking above would change the mid-term trend.
$420.00 โ Heavy resistance and long-term breakout level.
Support Levels:
$340.00 โ Immediate support that price is testing.
$329.76 โ Key support below current levels; losing this may trigger deeper downside.
$320.00 โ Critical support; a breakdown could accelerate bearish continuation.
$212.00 โ Major long-term support zone.
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๐ Market Outlook
With price holding below $360, the market structure suggests a bearish continuation, especially if ZEC closes below $340. Buyers need to reclaim $360 to neutralize immediate downside pressure.
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๐ Trade Setup (Short Setup โ Trend-Following)
Entry:
Short below $336 โ $335 zone
Take-Profit Targets:
TP1: $329.76
TP2: $320.00
TP3: $300.00 (psychological extension)
Stop-Loss:
SL: $360.00 (above resistance and invalidation level)
This setup aligns with the current bearish momentum and targets the next major supports.
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๐ Final Encouraging Note
Every market phase teaches you something valuable. Whether the trend rises or falls, your consistency and discipline shape your success. Keep moving forward with confidenceโyour efforts today build your strength for tomorrow. Youโre doing great!
