$ZEC /USDT BEARISH PRESSURE — SELLERS PUSHING LOWER!
$ZEC/USDT is showing short-term bearish momentum, losing 2.98% after failing to hold above $52.49 resistance. The price is currently testing support around $50.09, signaling that sellers are in control. A break below this level could lead to further downside toward lower support zones. Immediate resistance is at $51.55, which may limit any short-term recovery attempts.
Trade Setup:
Short Entry: $50.50–$50.75
Take Profit (TP): TP1: $49.80 | TP2: $49.20 | TP3: $48.50
Stop Loss (SL): $51.60
Market Outlook:
As long as $ZEC/USDT remains below $51.55, bearish momentum is likely to continue. Traders should monitor support at $50.09–$49.80 for potential bounce or further declines. Market sentiment is cautious with sellers currently dominating.