$ZEC -6.66% - Testing Major Support After Rejection
Privacy coin facing strong selling pressure after being rejected from the $476 zone. Now testing a critical cluster of support levels.
The Battle Line
· Support Cluster: 426.09 (EMA9) / 431.74 (EMA15) / 437.66 (EMA200)
· Breakdown Level: Below 426
· Resistance: 458.11 (Recent high), 476.76
Trade Plan
· Bullish Scenario (Hold Support): Entry 428-432, Stop Loss 425, Target 450, then 460.
· Bearish Scenario (Break Down): Wait for break below 425, then target 405, then 390.
Volume is elevated on the decline. The 4H close relative to the EMA200 will be decisive for medium-term direction.
⚠️ Not financial advice. ZEC is a high-volatility asset with lower liquidity.
Privacy play under pressure. Buying the support test or expecting a breakdown? 👇
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