$ZEC /USDT – Testing Crucial Demand Zone
Guy's check results .. #ZEC is pulling back hard and testing a critical support level after its massive rally!
ZEC is trading at $536.65 (-6.78%), approaching the key 24h low and strong demand zone near $530.00. Volume remains high, signaling strong selling pressure as the market corrects its recent move toward $610. This level is critical: a bounce here could confirm the long-term uptrend, but a break below could trigger a much deeper correction toward the $400s.
Trade Plan (Short-Term Short Signal - Based on Breakdown)
Entry Zone (Breakdown Confirmation): Below $525 (Confirming the loss of $530 support)
TP1: $510
TP2: $495
TP3: $475
SL: Above $545 (To manage risk if support holds and a strong bounce occurs)
The $530-$540 zone is highly contested. Always manage your risk, especially during periods of high volatility. The long-term narrative for ZEC remains strong, so be prepared for aggressive buying if support holds!
