$ZEC STRUGGLING AFTER 1,297 HIGH! DEEPER RETRACEMENT COMING? 📉
​$ZEC (Zcash) reached a local peak of 1,297.50, but buying momentum is fading as price pulls back to 1,240.17 (+2.21%).
​⚠️ Technical Analysis & Risk Factors:
​Bearish MACD Crossover: Both 1H MACD (-4.39) and 4H MACD (-2.00) are showing negative momentum, indicating sellers are gaining control.
​Trapped Below Resistance: On the 1H chart, price is struggling underneath 1H MA25 (1,247.43), creating overhead selling pressure.
​Fading RSI: 1H RSI (49.05) has slipped below 50, showing lack of immediate buying volume to push higher.
​🎯 Short Setup Scenario (Trade Plan):
​Entry Zone: 1,245.00 – 1,265.00 (On minor pullback rejection)
​Target 1 (TP1): 1,200.00 (24h Low & Support)
​Target 2 (TP2): 1,175.00 (4H EMA25 Support Base)
​Target 3 (TP3): 1,125.00 (Major Liquidity Zone)
​Stop Loss (SL): 1,285.00 (Above local swing high)
​🚨 Disclaimer: Trading during consolidation phases carries high risk. Always wait for price action rejection before entering and use strict risk management!
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​What’s your move on $ZEC?