UPDATE: $ZEC Playing Out EXACTLY As WarnedUPDATE: CRYPTOCAP:ZEC Playing Out EXACTLY As Warned
ZEC tagged the $700 HTF resistance and dumped 35%+ right from the level I highlighted earlier.
The move toward the $100 zone is unfolding step-by-step, exactly what the HTF structure hinted at.
I’m not saying ZEC can’t reclaim $700 and even squeeze toward $1,000 again…
But the risk is extremely elevated up here. Smart money enters where risk is low + reward is high, not at euphoric tops.
This is NOT a short signal.
This is awareness analysis, don’t jump into high-leverage longs blindly in a corrective environment.
My Radar Levels: $259 / $186 / $134
Invalidation : Any HTF candle closing above $760
Stay disciplined. Protect capital. Market always rewards the patient, not the emotional. NFA.
ZECUSDT
ZECUSDT - HOLDING STRONG AMID MARKET WIDE LIQUIDATIONSSymbol - ZECUSDT
CMP - 267.18
ZECUSDT has demonstrated notable resilience amid the broader cryptocurrency market downturn, which triggered over $10 billion in long position liquidations. Even in such an environment, certain assets have managed to withstand the selling pressure.
The cryptocurrency market remains gripped by panic and widespread liquidations, with Bitcoin currently testing the 100K level under intense selling pressure. However, amidst this turmoil, a few altcoins have shown relative strength - ZECUSDT being one of them as it continues to climb and test key resistance zones.
ZEC experienced a sharp decline earlier but found strong demand near the high volume node around 145 - 155. The subsequent aggressive rebound indicates the presence of solid bullish interest at these levels.
Resistance levels: 280.30, 305.65
Support levels: 242.64, 208.76
Focus remains on the 280.20 trigger zone. If the current retest does not result in a deep pullback and price consolidates near resistance, the likelihood of a breakout increases substantially. A decisive close above 280.30 - 280.50 could open the path for a rally toward 305 - 345. That said, it remains a high-risk setup, and traders are advised to exercise caution and maintain tight stoploss.
💡 Don't miss the great buy opportunity in Zcash/TetherUSTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (66.27). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. Zcash/TetherUS ZECUSDT is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 65.
Take Profits:
TP1= @ 75.55
TP2= @ 81.00
TP3= @ 90.00
TP4= @ 94.00
TP5= @ 102.15
SL= Break below S2
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