đ $ZEC Rejection Below the 5m EMA200
ZEC failed to hold the push above the $818 area and is rotating lower. My short from $817.07 is now in profit as price trades around $812.
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đ Structure
âą Entry: $817.07
âą 5m EMA200: $818.02
âą EMA21: $814.17
âą EMA50: $811.79
âą Target: $794.00
Price rejected around the EMA200 and has now lost the EMA21. The EMA50 around $812 is the immediate battleground.
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â ïž Key Conditions
Sustained move below $811-$812
â Strengthens the short thesis and opens room toward $806, then potentially $794.
Reclaim of $818-$822
â Invalidates the rejection thesis.
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đŻ Takeaway
The rejection is developing, but downside continuation still needs confirmation below the current support area.
Trade the reaction, not the assumption.
#ZEC #Zcash #Crypto #Trading
ZEC failed to hold the push above the $818 area and is rotating lower. My short from $817.07 is now in profit as price trades around $812.
ââââââââââââââ
đ Structure
âą Entry: $817.07
âą 5m EMA200: $818.02
âą EMA21: $814.17
âą EMA50: $811.79
âą Target: $794.00
Price rejected around the EMA200 and has now lost the EMA21. The EMA50 around $812 is the immediate battleground.
ââââââââââââââ
â ïž Key Conditions
Sustained move below $811-$812
â Strengthens the short thesis and opens room toward $806, then potentially $794.
Reclaim of $818-$822
â Invalidates the rejection thesis.
ââââââââââââââ
đŻ Takeaway
The rejection is developing, but downside continuation still needs confirmation below the current support area.
Trade the reaction, not the assumption.
#ZEC #Zcash #Crypto #Trading
