$ZEC SHORT
Entry: $1,295–$1,315
TP1: $1,225
TP2: $1,175
TP3: $1,122
Stop Loss: $1,370 [5.1% from average entry of $1,305]
My view: The $1,370 rejection suggests that sellers are still defending the upper resistance zone.
ZEC has repeatedly struggled to sustain moves above the $1,350–$1,380 region. The latest rally was rejected near $1,370, followed by a sharp pullback toward $1,289. Price is now trading below the 15-minute MA200 around $1,302, which adds weight to the short-term bearish case.
Entry: $1,295–$1,315
TP1: $1,225
TP2: $1,175
TP3: $1,122
Stop Loss: $1,370 [5.1% from average entry of $1,305]
My view: The $1,370 rejection suggests that sellers are still defending the upper resistance zone.
ZEC has repeatedly struggled to sustain moves above the $1,350–$1,380 region. The latest rally was rejected near $1,370, followed by a sharp pullback toward $1,289. Price is now trading below the 15-minute MA200 around $1,302, which adds weight to the short-term bearish case.
