🚨 $ZEC Looks Bearish
Recent candlestick data shows heavy selling during price drops, signaling strong downward pressure. Trading volume has slowed near the current level, suggesting a possible pause or consolidation.
Capital Flow:$BNB
Derivatives market shows consistent net outflows (-15.5M over 24h), reflecting ongoing selling pressure.$BNB
Spot market also shows net outflows over most periods (-41.8M over 7 days), though there was a minor inflow in the last 24h (+5.1M), hinting at some short-term buying interest, but not enough to change the trend.
Short Entry Strategy:$ETH
Entry: Consider shorting near resistance at 366.86 or on a retracement to MA5 at 362.15. Alternatively, a break below support at 355.92 could confirm a short entry.
Stop Loss: Place at 373.41, near MA20, to protect against false breakouts.
Target: First target at 351.53. For a more aggressive target, 344.98 can be considered, but watch for reversal signs as the price nears oversold levels.
Current Price: ZECUSDT 351.49 (-5.65%)