Hey traders! $ZEC /USDT has taken a sharp dive, dropping -10.89% in the last 24 hours and currently sitting at $298.21. So, what’s the plan?
1. Shorting the Market: If ZEC breaks below the $292 support, it could head further down. A good time to consider a short position, but make sure to set a stop-loss around $310 to protect against any sudden moves!
2. Waiting for a Reversal? If you’re more cautious, watch for a potential reversal around $292 or $286. If the price starts to show signs of strength, we could see a bounce. A breakout above $305 might signal an uptrend.
3. Scalp Opportunities: If you’re in the mood for smaller trades, look for quick gains between $292 and $305. Just remember to manage risk!
Market’s volatile, so stay sharp, use stop-losses, and let’s navigate this together!
