$ZEC – SHORT
Entry: 837.60–838.64
SL: 843.96
TP1: 835.57
TP2: 832.00
TP3: 828.50
The market structure for ZEC displays a consistent bearish trend, highlighted by repeated failures to hold higher levels and a significant increase in selling volume near the latest candle sessions. Price action confirms a rejection from overhead resistance, breaking below key psychological support. With momentum heavily favoring the downside and increasing distribution, we anticipate further downside exhaustion as sellers maintain control over the current intraday order flow.
Entry: 837.60–838.64
SL: 843.96
TP1: 835.57
TP2: 832.00
TP3: 828.50
The market structure for ZEC displays a consistent bearish trend, highlighted by repeated failures to hold higher levels and a significant increase in selling volume near the latest candle sessions. Price action confirms a rejection from overhead resistance, breaking below key psychological support. With momentum heavily favoring the downside and increasing distribution, we anticipate further downside exhaustion as sellers maintain control over the current intraday order flow.