💥 $ZEC /USDT Dumps -16%! But Here’s Why It Might Be the Perfect Entry 👀
After flying up to $580, Zcash ($ZEC) just corrected hard to $470 — right into a major support zone 🔥
This looks like a classic buy-the-dip setup after a huge breakout.
🎯 Trade Setup:
Entry: $455 – $475
Stop: $420
Targets: $510 / $540 / $580
Volume still high — if $ZEC holds above $450, a rebound back toward $550+ looks likely 🚀
Why This Setup Works
Zcash ($ZEC) just had a massive rally to $580, followed by a sharp -16% correction. This type of move often signals a profit-taking wave, not a trend reversal.
The drop pulled price back to a major demand zone around $440–$470, which previously acted as resistance during the breakout phase. This area now flips into strong support, making it an attractive buy-the-dip opportunity for traders waiting on the sidelines.
Volume remains high, suggesting strong market activity — and a likely setup for a volatility bounce. As long as $420 holds, ZEC can rebound sharply toward $520–$550 in the short term.
💡 Why It’s Smart
✅ High-volume correction into prior breakout zone
✅ Trend remains bullish on higher timeframes
✅ Price finding support near key demand region
✅ RSI likely resetting from overbought → room to climb
This is a classic momentum retracement setup — large rally, deep but healthy pullback, then continuation once selling pressure fades.
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