$ZEC gained over +230% off the $466 summer low, but momentum is finally stalling at the upper boundary of the multi-month channel.
While retail chases green breakouts into $1,550, the 4H structure is putting in lower highs and pressing directly against the $1,430 support shelf. I am strictly biased short here.
The trade activates on a confirmed 4H close below $1,430.
Once $1,430 breaks, sell the retest into $1,420 to $1,440. Target 1 sits at $1,260, where the previous swing high meets the lower channel trendline. Target 2 extends down to $1,100.
Hard stop on any 4H close above $1,560. If buyers push through descending triangle resistance, close the short immediately.
While retail chases green breakouts into $1,550, the 4H structure is putting in lower highs and pressing directly against the $1,430 support shelf. I am strictly biased short here.
The trade activates on a confirmed 4H close below $1,430.
Once $1,430 breaks, sell the retest into $1,420 to $1,440. Target 1 sits at $1,260, where the previous swing high meets the lower channel trendline. Target 2 extends down to $1,100.
Hard stop on any 4H close above $1,560. If buyers push through descending triangle resistance, close the short immediately.
