$ZEC /USDT: Catching the Falling Knife?
$ZEC is currently in a strong downtrend, hitting a recent low of $274.40. It's attempting a small bounce, but the bears are still in control.
The Game Plan:
Entry Zone: $275 – $285 (Wait for a clear support hold).
Target 1: $322 (Short-term MA-7 resistance).
Target 2: $365 (Previous consolidation zone).
Stop Loss (SL): $268 (Exit if it breaks the recent bottom).
Trade Here 👇
ZEC
252.85
-9.37%
The Strategy: Price is trading well below all major Moving Averages (MA 7, 25, 99), showing heavy bearish momentum. Only enter for a quick relief rally; don't hold long unless the price breaks and stays above $325.