$ZEC /USDT short trade signal 🚦 🛑
BEARISH REVERSAL SIGNAL — RESISTANCE REJECTED AT $49.99!
After testing the $49.99 level, $ZEC faced a strong rejection and is now showing signs of a bearish reversal. The recent wick above $49.90 combined with RSI peaking near 72 signals that the bullish momentum is fading. Price action is weakening near resistance with lower highs expected if $49.00 doesn't hold.
Trade Setup (Short):
Entry: $49.00 – $49.30
Take Profit: $47.20 / $46.60
Stop Loss: $50.10
Market Outlook:
With RSI overbought and a rejection from local highs, $ZEC could dip toward its recent support around $46.80. Watch for a bearish engulfing candle or increased selling volume confirmation.
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