$ZEC /USDT – Bearish Rejection Signal! 🔻💥
Current Price: $48.16
$ZEC failed to sustain above $49.50 and is showing signs of a reversal with lower highs forming near local resistance.
Short Trade Setup:
Entry Zone: $48.30 – $48.60
TP1: $47.20
TP2: $46.50
TP3: $45.40
Stop Loss: $49.60
Resistance Levels:
$49.99 (24H High)
$49.50
$48.90
Support Levels:
$47.60
$46.50
$45.00
Market Insight:
ZEC printed a strong rejection near $50 psychological resistance, forming a lower high pattern on the 1H chart. Momentum is now favoring the downside.
Pro Tip:
Watch for bearish confirmation below $48 with rising volume before scaling in. Keep your SL tight if price attempts a fakeout pump!
Perfect setup for scalpers or short-term swing traders looking for downside action!
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