$ZEC

USDT BEARISH BREAKDOWN – SUPPORTS ARE CRACKING!

Current Price: $38.59

Zcash is showing bearish momentum as it struggles below resistance. The price is hovering near $38.59 with continued rejection from higher zones, indicating potential downside extension if key supports fail to hold.

🔑 Key Levels:

Resistance: $42.30 – $42.35 zone (strong bearish rejection observed here)

Support: $37.50 immediate support, next major support at $36.00

📉 Trade Setup:

Entry: Short near $38.50 – $39.00

Targets: TP1: $37.50, TP2: $36.00

Stop Loss: $40.20 (above recent rejection wicks)

📊 Market Outlook: Bearish momentum is dominating under $40.00 resistance. Sellers are gaining control with lower highs forming, indicating continued weakness unless a strong breakout above $42.35 occurs.

⚠️ Risk Management: Always use calculated position sizing and place stops to protect capital. Avoid over-leverage in trending bearish markets to maintain account health.

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