Once again, $ZEC is facing strong rejection... the sellers step in every time the price approaches the upper band.
#ZEC failed to hold the recovery near $1,500–1,570, and now the price has fallen back toward $1,470. The repeated rejection beneath the recent high at $1,595 shows that the bulls still have work to do.
However, the 1,400–1,450 zone is an important area to monitor. A strong reaction there could bring buyers back into the market.
Now:
– Trend: bearish/corrective in the short term
– Structure: repeated rejection from higher levels
– Focus: watch support at $1,400–1,450 for the next reaction
$ZEC is resetting after a massive uptrend. Let the correction play out and wait for confirmation before the next main entry.
Sell $ZEC
#ZEC failed to hold the recovery near $1,500–1,570, and now the price has fallen back toward $1,470. The repeated rejection beneath the recent high at $1,595 shows that the bulls still have work to do.
However, the 1,400–1,450 zone is an important area to monitor. A strong reaction there could bring buyers back into the market.
Now:
– Trend: bearish/corrective in the short term
– Structure: repeated rejection from higher levels
– Focus: watch support at $1,400–1,450 for the next reaction
$ZEC is resetting after a massive uptrend. Let the correction play out and wait for confirmation before the next main entry.
Sell $ZEC
