🚨 $ZEC Clear Downtrend on 1-Day timeframe
This post I'll analyze it on 1-Day timeframe for people trading it long term
Key Support 1-Day: 330 (Lower Bollinger Band) & 317 (Support zone)
Key Resistance 1-Day: 381 (24h High/MA120) & 435 (Resistance level)
Capital Flow: The data shows a consistent and significant pattern of net outflows across almost all time frames for both spot and contracts (-33M for 24H contracts, -145M for 7D contracts). This is a powerful bearish momentum indicator, showing capital is fleeing the market. The short-term inflows (5m-1H) are negligible compared to the overwhelming longer-term outflows, confirming the selling pressure.
Entry short $ZEC : a pullback towards the MA120 resistance ~381.9 or a break below the immediate support of the 24h low 346. The current price is very close to the 24h low, making immediate entry risky for a short; a better risk/reward entry would be on a bounce into resistance.
Stop-Loss: would be above the MA120 and the 24h high, at 388
Target Price $ZEC : primary target is the lower Bollinger Band and Support confluence at 330 - 317.
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