๐ ZECUSDT, Base Formation After Sharp Sell-Off | Potential Trend Reversal Setup
๐ฏ Trade Setup
Entry Zone: 240 โ 236
Stop Loss: 223
Target 1: 289.50
Target 2: 308
Risk is well-defined, and the setup offers a good risk-to-reward structure. โ๏ธ
๐งญ Market Structure
ZEC saw a strong downtrend from the 400+ zone, followed by a sharp sell-off that created a clear capitulation low near 184. After that, price started forming a base and consolidation range between 220โ250.
This sideways structure after a heavy drop often signals selling exhaustion and early accumulation, which can lead to a trend reversal or at least a strong relief rally. ๐
๐ Technical Details & Key Levels (No Indicators)
Major Support: 220 โ 225
Strong Demand Zone: 230 โ 240
Immediate Resistance: 252 โ 260
Next Resistance Zones:
289 โ 292
305 โ 310
๐ฎ Outlook
As long as price holds above 223, the structure remains bullish for a pullback trade. A clean breakout and hold above 252 can accelerate momentum toward 290+ and 308.
Patience and proper risk management are key. Let the market confirm the move. ๐ง ๐
Trade safe & smart. ๐ค๐
