$ZEC – Recovery Bounce Into Resistance, Rejection Risk Active
Trading Plan (Short)
Entry: 219.0 – 222.0
SL: 226.0
TP1: 215.0
TP2: 210.0
TP3: 202.0
$ZEC /USDT is currently trading around 219.02, bouncing from lows but still below MA99 (225.2). Price is showing recovery but facing strong resistance overhead.
On the 1H timeframe, price reclaimed MA7 & MA25, but trend remains weak as long as MA99 is not broken — indicating a possible lower high setup.
If price gets rejected below 225 zone, continuation toward 210 levels is likely.
This setup is based on bounce into resistance + weak higher structure — short continuation unless breakout above 225.
Trade $ZEC here 👇
ZECUSDT
Perp
223.06
+3.11%