📉 ZEC/USDT: Bearish Outlook (H4 Chart)
The
$ZEC chart is showing signs of exhaustion. After testing minor resistance, the candlesticks are leaving long upper wicks, indicating that buying pressure is fading and a downtrend is likely forming.
⚡ Trade Details (Short Setup)
Direction: SHORT (Perp)
Entry Zone: 260.00 – 263.00
Stop Loss (SL): 270.00
Take Profit (TP) Targets:
250.00
245.00
240.00
🔍 Technical Analysis
On the H4 timeframe, we see a cluster of weak candles at the resistance zone. The lack of follow-through from bulls suggests a reversal is incoming. Keep an eye on $XMR as well, as it is currently showing some correlation but
$ZEC looks weaker at these levels.
Current Price: 260.28
Leverage: Isolated 5x - 10x (Recommended)
Disclaimer: Crypto trading involves high risk. Always manage your risk and DYOR (Do Your Own Research).
#ZEC #CryptoSignals #Binance #Trading
#XMR