$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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