#ZECUSDT 📉 Current Structure
Price: ~523
Trend (short-term): Bearish to neutral
Strong rejection from 548 (clear lower high formed)
Sharp drop to 508 → looks like a liquidity sweep / stop hunt
Price is now trying to stabilize above that low
📊 Indicators
MA(5) & MA(10): Price is still below / struggling around MAs → weak momentum
Stoch RSI: ~6–7 → deeply oversold, bounce possible
Williams %R: ~-62 → recovering from oversold but not bullish yet
Volume: Big red spike on the dump → panic selling likely exhausted
🔑 Key Levels
Support
508–515 → strong support (recent low)
If this breaks: 500 psychological level
Resistance
532–535 → first resistance (prior consolidation)
540–548 → major resistance / supply zone
🔄 Possible Scenarios
1️⃣ Relief Bounce (Short-term)
Oversold indicators + liquidity grab
Bounce toward 532–540
Likely sell pressure there
2️⃣ Range / Consolidation
Price chops between 515–535
Market decides next direction
3️⃣ Bear Continuation
Failure to hold 515
Clean break below 508 → next move toward 495–500
🧠 Trading Insight
This is not a confirmed reversal, just a technical bounce zone
Aggressive longs = high risk
Safer approach:
Wait for break & hold above 535 for bullish bias
Or reject from 532–540 for short setups