🚨 $ZEC :Hitting Major Resistance - Short Setup for a Deep Correction! ⚡
Plan trade: Short 🔴
Entry zone: 445 - 455
Take profit:
🎯 TP1: 420
🎯 TP2: 406
🎯 TP3: 395
Stop loss: 475
🔥 Technical Analysis:
On the Daily and H4 timeframes, $ZEC is approaching a heavy resistance zone near $457 - $476, where massive selling pressure previously emerged. Indicators show an overbought state, with RSI on 15m and H1 remaining at extreme levels (above 85), signaling exhausted momentum and the need for a deep technical correction. Price action is showing long upper wicks, confirming bears are defending this resistance to push the price back toward the lower EMA levels.
ZECUSDT
Perp
442.38
+6.72%