$ZEC The daily chart is within range, but the 4-hour trend is bearish with the price below all significant moving averages. The 1-hour chart also confirms this weakness, trading below its averages. Momentum is heading down now, with the 1-hour Relative Strength Index at 32.15, indicating oversold conditions that may lead to further selling. A break below the 1-hour low near 379.07 is the trigger for a short entry, targeting the next support levels. The setup aligns with a continuation move downward.
Executable setup now (short)
Entry: market at 379.068745 – 383.812429
TP1: 367.209534
TP2: 362.465849
TP3: 352.97848
395.67164 : Stop loss
ZEC
392.49
-4.39%
