REJECTION from the highs sends
$ZEC back below the breakout shelf the rally's giving it all back.
SHORT
Trading Plan:
Entry: 550.00 – 559.74
SL: 572.00
TP1: 530.00
TP2: 510.00
TP3: 489.00
Why this setup?
Price spiked into the 581.44–590 supply zone and got rejected hard, dropping straight back through the consolidation shelf (559.74–570) that had formed just before the breakout that shelf is now resistance instead of support.
Current price at 546.65 is trading below all of that former structure, with a steady sequence of lower highs since the rejection candle.
The marked teal zone down at 489.00 lines up with the prior breakout launch point, making it the logical downside target if this move continues.
As long as price stays capped below the 559.74–572 supply block, the path favors a retest of the lower zone rather than a fresh push to new highs.
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