i sold at 430. so that i can buy back lower , a correction is on the way

This rally is either the start of a monster reversal… or the final trap before another brutal dump. If you’re buying blindly here without a plan, the market is already preparing your tuition fee.
Let’s break it down properly. 👇
📊 ZEC/USDT Daily Technical Analysis
Zcash (ZEC) exploded over 18% at the start of the week, successfully reclaiming the critical $400 psychological level. As of today, price is still holding above $400, and bulls are now aggressively eyeing the 50-day EMA near $412 — the key level separating a dead-cat bounce from a real trend reversal.
🔑 Key Bullish Scenario
If ZEC manages a daily close above $412, this would:
Confirm a trend shift from bearish to neutral-bullish
Trigger fresh momentum buying
Open the path toward the next major psychological target at $500
📈 Indicators Signal a Possible Trend Reversal
RSI (46):
Continuously rising from oversold territory
Confirms selling pressure is fading
Still below 50 → room for bulls to push higher
MACD:
Histogram is contracting to the downside
Signal line is approaching a bullish crossover
A confirmed crossover would strongly reinforce the upside continuation thesis
Momentum is quietly shifting — but confirmation is still required.
⚠️ Bearish Risk Scenario – Where the Bulls Can Still Fail
Bulls are NOT safe yet.
If ZEC fails to hold above $400, downside risk sharply increases:
A breakdown could send price back to:
$330 – $298 support zone
$298 remains the major structural support, derived from the October 11 high-turned-support
A rejection here would confirm the entire move as a fake breakout rally.
✅ Trade Plan – Buy / Sell Setup (Not Financial Advice)
🟢 Long (Buy) Setup
Entry Zone: $402 – $412
Take Profit 1: $450
Take Profit 2: $500
Extended Target: $560 (only if momentum explodes)
Stop Loss: $378
✅ Best executed only after a strong daily close above $412
🔴 Short (Sell) Setup
Entry: Breakdown below $395
Take Profit: $330 – $300
Stop Loss: $420
✅ Valid only if $400 fails with strong bearish volume
🧠 Final Verdict
Zcash is trapped between two killers:
Above $412: Bulls regain control → $500 becomes realistic
Below $398: Bears strike back → $330–$298 comes fast
There is no safe-zone anymore. The next big move will liquidate one side hard.
💬 So tell me — is ZEC heading to $500 next, or back to $300 first?
Drop your bias in the comments. Let’s see who really understands price action.
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