$ZEC /USDT – Quick Wick to $36.04, Then Strong Selloff

ZEC spiked rapidly to $36.04 but faced heavy rejection, falling back near $34.80 support. The sharp upper wick on the 15M candle signals a bull trap or liquidity grab, followed by notable selling pressure. Despite the 11.26% gain, momentum is shaky.

Trade Setup:

Entry Zone: $34.70–$35.10

Target 1: $35.80

Target 2: $36.50

Final Target: $37.40

Stop Loss: $34.20

A reclaim of $35.25 is needed to regain bullish structure. Until then, caution is key with potential volatility ahead.

Pro Tip: Watch for a strong 15M close above $35.20 with volume before re-entry. Wicks like this often trap early longs.

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