The latest price at 1,239.21 after challenging the 1,265.27 intraday high and then pulled back, leaving a long upper wick. There are clear signs that short-term bullish momentum is fading. Aggressive traders may attempt to set up short positions based on resistance levels around the AVL moving average, betting on a pullback toward the SuperTrend support. Shorting is essentially catching a falling knife against the trend—strictly adhere to stop-loss discipline and absolutely do not hold positions through losses.
⚡ $ZEC #zec
Pending order range (Entry)
1,241 - 1,248
AVL resistance zone
Stop Loss line (Stop Loss)
1,270.00
Invalidation of prior high break
First Take Profit (TP1)
1,214.00
MA(7) moving average support
Second Take Profit (TP2)
1,203.00
Strong SuperTrend support