Once again $ZEC is facing strong rejection… sellers are stepping in every time price approaches the upper range.
#ZEC failed to sustain the recovery near $1,500–$1,570, and price has now pulled back toward $1,470. The repeated rejection below the recent $1,595 high shows that bulls still have work to do.
That said, the $1,400–$1,450 area is an important zone to watch. A strong reaction there could bring buyers back into the game.
For now:
– Trend: Short-term bearish/corrective
– Structure: Repeated rejection from upper levels
– Focus: Watch $1,400–$1,450 support for the next reaction
$ZEC is resetting after a massive run. Let the correction develop and wait for confirmation before the next major entry.
Short $ZEC
#ZEC failed to sustain the recovery near $1,500–$1,570, and price has now pulled back toward $1,470. The repeated rejection below the recent $1,595 high shows that bulls still have work to do.
That said, the $1,400–$1,450 area is an important zone to watch. A strong reaction there could bring buyers back into the game.
For now:
– Trend: Short-term bearish/corrective
– Structure: Repeated rejection from upper levels
– Focus: Watch $1,400–$1,450 support for the next reaction
$ZEC is resetting after a massive run. Let the correction develop and wait for confirmation before the next major entry.
Short $ZEC
