📉 Trade Setup: $ZEC /USDT (Short Position)
The trend is currently looking heavy, and we are seeing a series of lower highs.
Entry Price: $312.00 – $314.00 (Current Market Price or a slight retracement upward).
Take Profit (TP 1): $305.50 (Psychological support).
Take Profit (TP 2): $298.00 (Near the 24h low of $279.44).
Stop Loss (SL): $321.50 (Placing it above the most recent minor peak and the Parabolic SAR dots to protect against a reversal).
🔍 Chart Analysis
Trend: The 15m chart shows a sharp decline. The last few candles are red with long upper wicks, suggesting sellers are aggressive.
Support/Resistance: The price recently bounced slightly off $310.38, which is your immediate local support. If it breaks this, expect a faster drop.
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