$ZEC Cracks in the Foundation – The bulls have officially lost their grip on the 4h trend, and a breakdown toward deeper liquidity is now the highest probability play.
Short $ZEC
Entry: 283.46 – 289.00
SL: 295.00
TP1: 275.00
TP2: 268.00
TP3: 261.00
The tape is flashing clear signs of distribution as every relief rally is met with aggressive sell-side pressure. Buyers are failing to defend the mid-range, leaving the price structure heavy and vulnerable to a rapid flush as momentum flips bearish.
Technicals are confirming a major shift in trend. The price has decisively broken below both the MA(7) at 289.62 and the MA(25) at 289.31, signaling that short-term support has flipped into overhead resistance. With the RSI(6) at 37.73, downward momentum is accelerating, and the path of least resistance points toward a retest of the MA(99) at 261.17. The "Death Cross" formation between the shorter MAs suggests that any bounce is simply an opportunity for sellers to load more size.
