$ZEC USDT – Bearish correction in play, but finding support at key level..!
Price has dropped sharply from 229.28 toward 212.37, indicating a solid bearish move, but the recent stabilization at 212.37 shows signs of potential support. The lower wicks suggest buyers are stepping in around this level, attempting to absorb selling pressure.
However, the recent drop is more of a pullback or retracement in a larger bearish trend. Unless price breaks above 216and sustains momentum, this looks like a potential trap for long traders, with more downside likely.
Trading Plan Short ZECUSDT
Entry: 216.00 – 217.00
SL: 221.00
TP: 212.00
TP: 208.00
TP: 204.00
If the price fails to break 216.93 and starts moving back towards the 212.00 region, shorting this pullback may provide a good opportunity for further downside.
Trade ZECUSDT with caution 👇
