$ZEC Strong rejection again... sellers still control the structure
ZEC failed to sustain its recovery after rising toward 1,350, and fell back to around 1,190. This rejection confirms that selling pressure remains strong near recent highs.
Currently:
– Trend: short-term bearish
– Resistance: 1,210–1,260, then 1,350
– Main support: 1,120–1,100
– Structure: lower highs with continued selling pressure
The demand zone at 1,100–1,120 has now become critical. If buyers defend it again and selling momentum eases, another corrective rebound may occur.
However, a clear break below 1,100 would further weaken the structure and open the door to further declines.
For now, don’t chase the rebound... let the price first prove that buyers have regained control.
Trade on $ZEC
ZEC failed to sustain its recovery after rising toward 1,350, and fell back to around 1,190. This rejection confirms that selling pressure remains strong near recent highs.
Currently:
– Trend: short-term bearish
– Resistance: 1,210–1,260, then 1,350
– Main support: 1,120–1,100
– Structure: lower highs with continued selling pressure
The demand zone at 1,100–1,120 has now become critical. If buyers defend it again and selling momentum eases, another corrective rebound may occur.
However, a clear break below 1,100 would further weaken the structure and open the door to further declines.
For now, don’t chase the rebound... let the price first prove that buyers have regained control.
Trade on $ZEC