$ZEC /USDT is showing strong bearish momentum on the daily chart! 🚨
Current price: 230.80 USDT
Down -3.63% in the last 24h
24h High: 247.50 | 24h Low: 228.73
The chart reveals a clear downtrend: price has broken below key support levels, trading under the Bollinger Bands middle (309.57) and lower band (~194). Candles are printing lower highs and lower lows, with the recent drop accelerating from ~330 area.
Indicators screaming oversold but continuation likely:
RSI(14): 31.74 → approaching oversold, but still room to fall
Stochastic: K 28.67, D 23.70 → low and crossed down
Overall momentum: bearish pressure dominant after rejection from higher bands
SHORT Setup – Forecast Alert!
Enter SHORT now around 230-231 USDT (perpetual futures)
🎯 Take Profit 1: 220 USDT (quick scalp)
🎯 Take Profit 2: 200-205 USDT (strong support zone near recent lows)
🎯 Take Profit 3: 184 USDT (major historical support line)
🛑 Stop Loss: 248 USDT (above recent swing high / invalidation)
Risk-reward looks solid 1:2+ on conservative targets. Privacy coin ZEC struggling in this volatile market – downside pressure could push it toward 180-190 if BTC weakness continues.
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$ZEC USDT Now! Short the dip – high conviction bearish play 🔥 Don't miss out!
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