Current Price: ~$513.9 24H Change: −1.99% Market Structure: Lower highs + sharp breakdown Recent Action: Strong bearish crash from resistance
After failing near the $533–536 zone, ZEC saw a violent sell-off, breaking multiple intraday supports. The bounce from $509 looks corrective rather than impulsive.
On the 1H timeframe, sellers are clearly dominant. Long red candles and weak recovery attempts suggest bearish momentum is still active.
If price fails to reclaim $525 with volume, continuation to the downside is highly likely Only a strong reclaim above $530 would invalidate this bearish setup.
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$ZEC /USDT
Current Price: ~$513.9
24H Change: −1.99%
Market Structure: Lower highs + sharp breakdown
Recent Action: Strong bearish crash from resistance
After failing near the $533–536 zone, ZEC saw a violent sell-off, breaking multiple intraday supports. The bounce from $509 looks corrective rather than impulsive.
On the 1H timeframe, sellers are clearly dominant. Long red candles and weak recovery attempts suggest bearish momentum is still active.
Trade Setup (Short Bias)
• Entry Zone: $518 – $522 (pullback / rejection zone)
• Target 1 🎯: $509
• Target 2 🎯: $502
• Target 3 🎯: $490
• Stop Loss: $528.5 (above breakdown & structure)
Trade Logic
Strong rejection from $533+ supply zone
Breakdown below $520 confirmed
Current bounce = likely dead-cat bounce
No strong demand visible until $500–490
If price fails to reclaim $525 with volume, continuation to the downside is highly likely
Only a strong reclaim above $530 would invalidate this bearish setup.
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