Bearish $ZEC Breakdown – Target Zone: $290 – $275
Analysis:
Zcash (ZEC) has shown a notable long liquidation of $7.32K at $314.7, signaling strong selling pressure from trapped long positions. Price action has turned bearish after rejecting resistance near $320, with multiple red candles forming on the 4H chart. Volume spikes confirm seller dominance, while the next key support lies at $300, followed by $285. If this support fails, further downside momentum is likely.
Future Trade Setup:
Entry Zone: $308 – $312
Target 1: $295
Target 2: $285
Target 3: $270
Stop Loss: $322
💥 Momentum favors bears — ride the trend smartly. Buy & Trade here!