$ZEC
USDT BEARISH REVERSAL – BULLS CRUSHED AFTER SHARP SELL-OFF
The ZECUSDT pair faced a brutal rejection near $46, wiping out earlier gains and triggering aggressive sell pressure. Current price action reflects a decisive bearish reversal with sellers dominating below key levels.
🔑 Key Levels:
Current Price: $39.14
Resistance Levels: $41.50 – $44.00
Support Levels: $38.80 (24h low), further at $37.50
📊 Trade Setup (Short):
Entry Zone: $39.50 – $39.00
Take Profits:
TP1: $38.80
TP2: $38.00
TP3: $37.50
Stop Loss: $41.00
📉 Market Outlook: The momentum has shifted entirely bearish after the failed breakout above $46, leading to a swift dump and consistent lower highs. If price stays under the $41.50 resistance zone, further downside continuation is likely towards deeper supports.
⚠️ Risk Management: Always manage your position size strictly. Risk only 1-2% of total capital per trade to remain safe against sudden volatility spikes or reversal wicks.
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