Elchicles

I’m watching $ZEC closely for a sell-the-rally setup. Price failed to hold above the EMA cluster and printed a sharp rejection from the 292 supply zone. This broke short-term structure and confirms distribution within the intraday downtrend. Trade Setup: Bias: SHORT Entry Zone: 284.0 – 288.0 Stop-Loss: 292.5 Target 1: 278.0 Target 2: 272.0 Target 3: 265.0 As long as 292.5 caps the upside, continuation toward liquidity below 278 is favored. If price reclaims and holds above 292.5, the bearish structure is invalidated and bias turns neutral. Why this setup works: The EMA cluster acted as resistance, and the rejection from a strong supply zone shows sellers are in control. Breaking the short-term structure signals further downside, while the defined entry, stop, and targets make the trade manageable with clear risk-reward. I’m looking to enter around 284–288 and ride the move down toward 272–265 if momentum continues. #PredictionMarketsCFTCBacking #HarvardAddsETHExposure #OpenClawFounderJoinsOpenAI #VVVSurged55.1%in24Hours #PEPEBrokeThroughDowntrendLine