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$ZEC — 30M Analysis ZEC is trading in a strong bearish structure after the sharp rejection from 547.86.
The chart continues to form lower highs and lower lows, while buyers are only creating weak temporary bounces.
Support is near 497 while resistance remains around 510–517.
Trade Plan 🎯
Short Setup
Entry Zone: 509 – 514
Stop Loss: 520
TP1: 500
TP2: 497
Analysis
My analysis is that ZEC still remains under strong selling pressure on the 30m timeframe.
As long as price stays below 517, I expect another retest of the 497 support area.