$ZEC is showing a rejection exactly where the chart gets interesting.
Price pushed into the $804.31 resistance and the descending trendline, then sellers stepped in. The current pullback keeps the bearish structure active while that resistance remains intact.
$ZEC — SHORT
Entry: $800–$804
TP1: $790
TP2: $780
TP3: $770.78
SL: $810
Why: Resistance + descending trendline rejection, with the chart projecting a potential A-B-C correction.
A sustained break above $804.31 would weaken the short thesis.
Do you think ZEC reaches $770 before reclaiming $804?
Price pushed into the $804.31 resistance and the descending trendline, then sellers stepped in. The current pullback keeps the bearish structure active while that resistance remains intact.
$ZEC — SHORT
Entry: $800–$804
TP1: $790
TP2: $780
TP3: $770.78
SL: $810
Why: Resistance + descending trendline rejection, with the chart projecting a potential A-B-C correction.
A sustained break above $804.31 would weaken the short thesis.
Do you think ZEC reaches $770 before reclaiming $804?
