ZEC/USDT Perp — Trade Plan

Current Snapshot
$ZEC ‌#ETHPlunges5PercentBelow1800
Price: $536.64 (-12.96% on the day)
24h Range: $535.50 – $636.78
Bollinger Bands (20,2): UP 646.36 / MB 595.73 / DN 545.11
Volume spike visible on the drop candle — confirmed sell-off
Chart Reading
Trend: Hard bearish breakdown — price dropped vertically from ~600+ to ~536, crashing through the lower BB and hitting near the 24h low.
Structure: The recent candles show a clean distribution top (ranging 580–624 zone), followed by a sharp capitulation. Price is now below all BBs — extreme oversold on short-term.
Volume: Massive volume spike on the drop candle confirms real selling pressure, not just noise.
MAs: MA5 (145K) < MA10 (179K) on volume — selling volume dominated.
Trade Scenarios
🟢 LONG (dead-cat bounce / oversold recovery)

Entry
535–537 (at/near 24h low support)
Stop Loss
Below 528 (breakdown continuation)
Target 1
552.14 (nearest resistance)
Target 2
575.16
R:R
~2:1
Only valid if price holds the 535.50 low and forms a base candle.
🔴 SHORT (trend continuation)

Entry
Bounce into 552–560 zone
Stop Loss
Above 575
Target 1
535 (retest low)
Target 2
520 (measured move)
R:R
~1.7:1
Key Levels
Resistance: 545.11 (lower BB), 552.14, 575.16, 595.73 (mid-BB)
Support: 535.50 (24h low), ~520 (next psychological)
⚠️ Risk Notes
-13% in a day with a vertical drop = high chance of continued volatility
Do not long into a falling knife — wait for at least 1–2 consolidation candles at the low
The trend is clearly down; shorts on bounces are higher probability here
Spread is tight (536.69/536.70) so liquidity is okay
— size small, protect capital