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What are the bears waiting for at this ZEC level?
$ZEC /USDT - SHORT
Trade Plan:
Entry: 446.19 – 448.83
SL: 460.19
TP1: 438.00
TP2: 431.66
TP3: 422.15
Why focus on this structure?
- 4H direction is clearly bearish, 15-minute RSI has dropped to 37.74, a weak zone.
- Current price 447.51 is hugging EMA resistance; weak rebounds are points to add shorts.
- Why now? The intraday low of 446.18 has been broken; if it cannot hold, shorts will accelerate toward TP1 (438.00).
Discussion:
Will this wave directly drop to TP2, or first bounce to 448.83 to trap bulls before falling?