$ZEC

$ZEC/USDT – Short Setup Activated After Double Top Rejection

Market Snapshot:

Current Price: $36.96

Key Resistance: Rejected from ~$38.17 (24h high) with bearish momentum

Trend: Series of lower highs on the 30-minute chart

Trade Idea:

Entry Range: $37.00 – $37.20

Take Profit Targets:

TP1: $36.20

TP2: $35.50

TP3: $34.75

Stop Loss: $38.25 (above recent high)

Rationale:

Price unable to reclaim $37.50 resistance

Frequent upper wicks suggest strong selling pressure

Likely liquidity sweep followed by downward retracement

Pro Tip:

If the price stabilizes around $36.50, watch for a bearish engulfing candle near resistance as a potential re-entry point.

Trade Management Insight:

Ideal setup for a short squeeze trap before a deeper correction — stay alert!

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