🚨 $ZEC Current trend Bearish
Recent candles show increased volume during price declines, and reduced volume during rebounds, suggesting selling pressure dominates.
Capital Flow: Consistent net outflows in both spot and contract markets across multiple timeframes (-11.32M USDT in 1H contract flow) indicate institutional selling pressure.
Ideal short entry $ZEC : near resistance: 308-312 USDT (testing BOLL upper band)
• Alternative entry on breakdown below 291 support with volume confirmation
Stop Loss: 318-320 USDT area, considering ATR=7.34 and recent high volatility
Target Price $ZEC : 280-285, testing lower BOLL band and support level
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ZECUSDT
Perp
295.14
+0.25%