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🚨 $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 charts, $ZEC is approaching a heavy psychological resistance zone around $455 - $476, where bears are aggressively defending. The RSI on 15m and 1h timeframes has pushed deep into extreme overbought territory (above 87), signaling exhausted buying momentum and the need for a deep technical correction. Price action is showing long upper wicks, confirming that selling pressure is surging at these local peaks.
{future}(ZECUSDT)
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 charts, $ZEC is approaching a heavy psychological resistance zone around $455 - $476, where bears are aggressively defending. The RSI on 15m and 1h timeframes has pushed deep into extreme overbought territory (above 87), signaling exhausted buying momentum and the need for a deep technical correction. Price action is showing long upper wicks, confirming that selling pressure is surging at these local peaks.
{future}(ZECUSDT)
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