🚨 $ZEC : Reaching Overbought Territory - Short Setup for a Sharp Correction! 📉
Plan trade: Short 🔴
Entry Zone: 455 - 460
Take Profit:
🎯 TP1: 423
🎯 TP2: 418
🎯 TP3: 305
Stop Loss: 475
🔥 Technical Analysis:
On the H4 and H1 charts, ZEC is approaching a major psychological resistance zone near $457.78. RSI on both timeframes is deep in overbought territory (around 84-85), signaling that the upward momentum is overextended and a correction is due. Price action shows emerging selling pressure near the previous peak. A decline toward lower EMA levels to rebalance the market is highly probable.
Click and trade 👇👇👇
ZECUSDT
Perp
432.02
-3.30%
