đš$ZEC current trend Bearish on 4H timeframe
âą K-line shows a series of lower highs and lower lows, confirming the bearish trend.
âą Recent candles near 375-376 indicate indecision, but the overall structure remains weak
âą Resistance level at 397 is critical; any bounce must reclaim this level to signal a short-term recovery.
âą The price is hovering near the 24h low 375 and key support 369. A break below 369 could accelerate declines toward lower support 359
âą Recent 4h candles show declining volume during the drop, indicating selling pressure may be exhausting. However, the overall 24h volume is moderate, lacking strong bullish confirmation.
âą Contract net outflow over 4H (-17M USDT) and 24H (-3M USDT) signals bearish sentiment among leveraged traders.
âą Spot net outflow over 4H (-9.7M USDT) and 24H (-9.5M USDT) reinforces selling pressure.
Trading Direction: Consider short positions on breakdowns, but monitor for reversals
Entry $ZEC :
âą For shorts: Enter if price breaks below support 369 with a target toward lower support 359
âą For longs: Only consider if price holds above support 369 and shows reversal signs (bullish engulfing candle with high volume), targeting resistance at 397
Stop-Loss: for shorts, stop above 382-385; for longs, stop below 365-368
Target Price $ZEC
âą Shorts: 359 (support zone)
âą Longs: 397 (resistance zone)
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