$ZEC Bearish Setup: Momentum Fading at Critical Resistance! 📉
Zcash ($ZEC) is hitting a major wall. After an extended move, the bullish momentum is showing clear signs of exhaustion as it enters a historical supply zone.
The current price action looks more like a corrective bounce than a trend reversal. With buyers failing to reclaim key structures, a rotation back to the downside seems imminent.
📉 The Trading Plan: Short $ZEC
Entry Zone: 290 – 300
Stop-Loss (SL): 310
Targets (TP):
🎯 TP1: 270
🎯 TP2: 255
🎯 TP3: 238 (Liquidity Sweep)
Why this trade?
Price is reacting to a previous breakdown level. As momentum stalls near local highs, we expect $ZEC to hunt for liquidity resting below recent swing lows.
Trade with discipline. Manage your risk! ⚡
#ZEC #CryptoAnalysis #ShortSignal #Write2Earn #BinanceSquare