Key resistance at 400-405 with strong support – sellers are in full control. The price action confirms a clear bearish reversal, with lower highs and lower lows on the chart. Currently trading around 381-384, a decline is expected. Momentum is clearly bearish, and any rebound should be viewed as a selling opportunity. 👀 The main target is set at 320, followed by a very realistic 307. A break above 405-410 would invalidate this setup, but until then, shorts are favored. Don't get forced into longs here!
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$ZEC Preparing for a crash 📉
Key resistance at 400-405 with strong support – sellers are in full control. The price action confirms a clear bearish reversal, with lower highs and lower lows on the chart.
Currently trading around 381-384, a decline is expected. Momentum is clearly bearish, and any rebound should be viewed as a selling opportunity. 👀
The main target is set at 320, followed by a very realistic 307. A break above 405-410 would invalidate this setup, but until then, shorts are favored. Don't get forced into longs here!