$ZEC /USDT SHORT TRADE SETUP
$ZEC is currently trading at 283.50, showing significant technical weakness after decisively breaking below the critical $300 support level. The asset is forming a bearish "inverted Cup and Handle" pattern and has recorded its sixth consecutive red weekly candle, indicating persistent selling pressure. Recent indicators show a drop in trading volume and a "Strong Sell" signal across multiple moving averages, with the 50-day MA continuing to fall.
Target Points
TP1: 260.00 (Key psychological support and 24h floor)
TP2: 235.00 (Major liquidity zone)
TP3: 195.00 (Next primary bearish target zone)
Stop Loss
Set stop loss above 305.00 to manage risk against a potential relief bounce back into the previous support-turned-resistance zone.
Buy and Trade here on $ZEC
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