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Bearish

$ZEC is looking interesting for a short here.



ZEC had a huge push into the $1,509 area, but price is now stalling below that high and starting to print weaker candles on the 1H. After such an aggressive move, I’m watching for a pullback if buyers fail to reclaim the top.

Entry: $1,460–$1,480
Targets:
TP1: $1,440
TP2: $1,415
TP3: $1,385

Stop: $1,512

For me, $1,500–$1,509 is the key zone. As long as ZEC stays below it, I’m looking for some downside continuation. A clean breakout above $1,509 would invalidate the short idea.

#FedHikes25bpsForFirstTimeIn3Years #WhereToParkStablecoinsWhileWaiting
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ZECZEC+8.53%

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VShapeCatch
26 minutes ago
It weakened right after pushing through 1509, and volume failed to follow. I’m inclined to take a short here; a break below 1460 would accelerate the decline.
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MildlyRugged
29 minutes ago
ZEC does seem somewhat stagnant at this level; the 1H structure has weakened, so let’s wait for a pullback and see.
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MiniLotMaven
31 minutes ago
First Review
If it cannot break above 1509, the bearish thesis remains intact. Set your stop-loss and trade within this range.
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