$ZEC /USDT on the 4H timeframe is in a clear downtrend, characterized by lower highs and lower lows, with price currently trading around 374 below the key support zone near 380, which now acts as resistance. The previous rejection from the 540 to 560 area confirms strong selling pressure, and recent pullbacks have been weak, indicating that sellers remain in control. Overall market structure favors continuation to the downside unless price reclaims and holds above the 420 to 440 area on the 4H timeframe.
The preferred trading signal is a short position. An ideal entry would be on a pullback into the 380 to 395 zone, with a stop loss placed around 420 above the recent lower high. Take profit targets can be set at 340 as the first target, followed by 300, with an extended target near 260 if bearish momentum continues.
good luck Traders.