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$ZEC DANGER ZONE: Will Price Reverse To $740 Or CRASH Below $470?!
Zcash is facing a major decision point after a sharp 17% drop brought the price to the critical support zone. The market is completely indecisive as buyers defend the recent $470 low. The next decisive 4H candle will determine if ZEC launches a recovery or continues its steep descent.
📊 Technical Outlook (4H)
The market is coiled between resistance and tested support.
Moving Averages (MAs): Price ($517.69) is trading well below all MAs (MA(7): $532.82, MA(25): $615.15), confirming the current bearish momentum.
MACD: The MACD is deeply negative (DIF: -31.53, but the rate of its decline is slowing, suggesting the selling climax may be near.
Key Range: The critical range is defined by $535 (short-term resistance) and $470 (major support).
📈 Trade Setup (Neutral Breakout/Breakdown)
We trade the confirmed breakout or breakdown of the current range.
Bias: Neutral (Breakout/Breakdown) ⚖️
Long Entry (BULLISH Trigger): Confirmed 4H close above $535.00 🚀
TP: $615.00 🎯
SL: Close below $510.00 🛑
Short Entry (BEARISH Trigger): Confirmed 4H close below $470.00 🚀
TP: $440.00 🎯
SL: Close above $500.00 🛑
The definitive 'line in the sand' for ZEC bulls is the $470.00 low. A close below this figure would lead to a structural collapse. Conversely, a high-volume reclamation of the $535.00 area would signal a successful reversal and target higher MA resistances.
💡 Tip
Wait for a clear 4H candle close outside of the $470 - $535 range before committing to a bias.
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