$ZEC — 1655 Ceiling Rejecting Again, Downside Expansion Incoming 📉
Trade Plan: Short $ZEC
Entry: 1625 - 1630
SL: 1654.59
TP: 1551.95 | 1474.06 | 1393.81
Why this Setup?
ZEC is stalling beneath the 1632.77 resistance after a sharp vertical push, while the 1654.59 supply ceiling remains overhead. A rejection from this compressed top could unwind the entire move, first targeting 1551.95 and potentially opening a much deeper flush toward 1474.06 and 1393.81. As long as 1654.59 holds, the bearish setup remains valid.
Trade $ZEC here 👇
Trade Plan: Short $ZEC
Entry: 1625 - 1630
SL: 1654.59
TP: 1551.95 | 1474.06 | 1393.81
Why this Setup?
ZEC is stalling beneath the 1632.77 resistance after a sharp vertical push, while the 1654.59 supply ceiling remains overhead. A rejection from this compressed top could unwind the entire move, first targeting 1551.95 and potentially opening a much deeper flush toward 1474.06 and 1393.81. As long as 1654.59 holds, the bearish setup remains valid.
Trade $ZEC here 👇