$ZEC Short Setup: Rejection at the Supply Wall 📉
The recovery rally in ZCash has officially hit a ceiling. After a clear lower-high rejection in the major supply zone, the upside momentum has evaporated. This suggests the recent bounce was merely a corrective "dead cat" move before the primary downtrend resumes.
The Strategy:
Entry Zone: 242 – 246
Stop-Loss: 268 (Protecting against a fakeout)
Targets:
🎯 TP1: 220
🎯 TP2: 200 (Psychological Support)
🎯 TP3: 185 (Final Liquidity Target)
Technical Verdict: Acceptance below the current pivot keeps the path to $185 wide open. Bears are in control until the $260 resistance is decisively reclaimed.
The recovery rally in ZCash has officially hit a ceiling. After a clear lower-high rejection in the major supply zone, the upside momentum has evaporated. This suggests the recent bounce was merely a corrective "dead cat" move before the primary downtrend resumes.
The Strategy:
Entry Zone: 242 – 246
Stop-Loss: 268 (Protecting against a fakeout)
Targets:
🎯 TP1: 220
🎯 TP2: 200 (Psychological Support)
🎯 TP3: 185 (Final Liquidity Target)
Technical Verdict: Acceptance below the current pivot keeps the path to $185 wide open. Bears are in control until the $260 resistance is decisively reclaimed.
