Friends…..$ZEC has just broken the lowest main horizontal support area, confirming a clean breakdown after several objections from the upper resistance. This type of structure usually leads to a deeper correction because liquidity is located lower near the upward trend line.
Buyers failed to defend the support, market momentum is strongly shifting downwards, and prices may revert to the next liquidity pocket near the upward trend line.
Trade setup (short):
Entry: 404.88
Target: 380.00
Stop loss: 430.00
The structure is broken. Sellers are dominant. Expect continuation towards the lower trend line.
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ZECUSDT
Perp
417
-5.64%