#CryptoTrading. #technicalanalyst #Signal🚥. 📊 Technical analysis
$ZEC /USDT — 15min/1h timeframe
Current price ≈ 331.85 USDT
-8.65% sharp drop from ~387–390 highs, accelerating downside with big red candles, breaking lower.
Price action & Bollinger Bands:
Price below lower BB (DN ~339.16 broken, MB ~355.70 resistance, UP ~372.24). Bands expanded on sell-off, price hugging lower band — deeply oversold extension, potential short-term bounce/consolidation.
Volumes:
Current ~91M, MA(5) ~102M, MA(10) ~64M — massive volume spike on recent red candles (heavy selling), elevated on downside. Watch for dry-up or reversal surge.
Key indicators:
• MACD: Strongly negative (DIF -5.93, DEA -3.52, MACD -2.41), histogram bearish — strong down momentum.
• RSI(6/12/24): 9.47 / 16.52 / 26.83 — extremely oversold (RSI6 <10), classic exhaustion/bounce signal.
Downtrend with extreme oversold + lower BB violation suggest short-term bounce likely before possible further drop.
🟢 Long (moderate-high risk)
Entry: 330–333 (current or dip to DN zone)
TP1: 340–345
TP2: 350–355
SL: 325–328
R/R: ~1:3+
Comment: Good if RSI bounce + volume on green. Oversold favors scalp/reversal.
🔴 Short (moderate risk)
Entry: 340–345 (fade at former DN/MB retest)
TP1: 330–325
TP2: 315–310
SL: 350+
R/R: ~1:3+
Comment: Strong if rejection at resistance + MACD down. Trend-aligned continuation.
⚠️ Most likely scenario now
Short-term bounce/consolidation from extreme oversold (RSI<10) towards former DN (~339) or MB (~356). Then possible continuation lower if no strong volume reversal. Shorts have edge in downtrend; longs only on clear bounce signals. High vol — tight risk mandatory, watch RSI/volume closely.