$ZEC: High Conviction Short Opportunity as $ZEC Tests Supply Wall
SHORT SETUP ZEC
Entry: $1407.42 - $1414.48
Stop Loss: $1467.39
Take Profit: $1298.07 (2R)
Key Levels: Support $1356.00 | Resistance $1489.14
Technical Analysis for $ZEC: $ZEC fallback technical analysis: RSI is 35.0, showing weakening momentum without being deeply oversold, price is trading below the 21 EMA, supporting the bearish bias, MACD is below its signal line, confirming negative momentum, volume is contracting by 21.1%, and price is below the 50 EMA, keeping the short-term structure weak. Together, these signals support a conditional SHORT continuation setup. Sellers still need to hold the entry zone and push price toward lower support.
#ZEC #ShortSetup #TechnicalAnalysis
SHORT $ZEC
SHORT SETUP ZEC
Entry: $1407.42 - $1414.48
Stop Loss: $1467.39
Take Profit: $1298.07 (2R)
Key Levels: Support $1356.00 | Resistance $1489.14
Technical Analysis for $ZEC: $ZEC fallback technical analysis: RSI is 35.0, showing weakening momentum without being deeply oversold, price is trading below the 21 EMA, supporting the bearish bias, MACD is below its signal line, confirming negative momentum, volume is contracting by 21.1%, and price is below the 50 EMA, keeping the short-term structure weak. Together, these signals support a conditional SHORT continuation setup. Sellers still need to hold the entry zone and push price toward lower support.
#ZEC #ShortSetup #TechnicalAnalysis
SHORT $ZEC
