$ZEC Update 📉
This bounce looks purely technical, not a real trend reversal. Momentum is still weak and price is stuck below major resistance sellers remain in control short-term.
🔻 Trade Idea: SHORT
Entry: $241 – $247
SL: $255
Targets: $233 → $225 → $210
📊 Technical Breakdown:
• Price is barely holding above EMA7/SMA7 and still well below the 200-MA
• RSI around 52 = no real bullish strength
• MACD remains negative → weak continuation
• $245–248 is a strong supply zone
A rejection from this area could push price back to $239 first, then $233.
A clear move above $255 cancels the short setup.
📉 Short
$ZEC #CANProtocol #cryptotrading