$ZEC Clear Downtrend
Zcash Holding the Line at $295 – Breakout or Breakdown? 🛡️
Zcash is currently testing the resolve of the bulls. After a sharp dip from the $340 range, $ZEC is hovering at $294.90, leaning heavily on a key support zone.
The Strategy:
Entry ( $293~ 403 )
Target 🎯 🔸 388 🔸380 🔸 375
📉 Bear Case: A break below $285 could see us retesting the $250 liquidity zone. Extreme fear is creeping into the index, so watch the volume.
🚀 Bull Case: We just saw a solid bounce off the lows. If we flip $305 into support, the path to $340 opens up quickly. Technicals show a potential "Golden Cross" on the daily EMAs that hasn't been invalidated yet.
Current Sentiment: Extreme Fear (Score: 20/100). Historically, these "blood in the streets" moments have been prime accumulation zones for long-term privacy advocates.
Are you bidding the $285 support, or waiting for a confirmed breakout above $305? ⬇️
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