🔥 Update $ZEC: Technical Analysis and Capital Flow

The current trend of $ZEC is still bearish 📉. However, one might consider a long scalp trade to seek potential short-term recovery.

We have recorded a significant rejection at 307.74 USDT (the highest level in 24h), accompanied by ongoing selling pressure. A recent hammer candle at 278.2 USDT with high volume may suggest potential capitulation. Currently, the price is consolidating in the range of 278-290 USDT, reflecting market indecision.

📊 Regarding capital flow:

The net capital flow of short-term contracts (1H) recorded +4.32 million USDT inflow. This contradicts the price decline, potentially indicating accumulation activity.

Meanwhile, the mid-term timeframes (4H/12H) show prevailing outflows, with -4.83 million and -9.82 million USDT. This trend aligns with the overall bearish picture.

💡 Long Entry Strategy for $ZEC:

- Ideal: Entry when the price breaks and holds above 292 USDT (MA5 resistance) along with high volume.

- Risky: Entry near current levels of 287-289 USDT, with a tight Stop-Loss (SL).

✅ Stop-Loss (SL): 278 USDT (consistent with support and recent lows).

✅ Target Price (TP): 307 USDT (matching resistance and previous highs).

You can trade ZECUSDT here 👇

(ZECUSDT)

#zec #zecusdt #zcash