I'M WATCHING A BIG SHORT ON $ZEC .
EP: $984.206
TP: $951.369
SL: $1,013.432
ZEC remains under bearish pressure on the 1H timeframe, with a clear sequence of lower highs after rejection from $1,069.997. Buyers attempted a recovery from $951.369, but the rebound is losing momentum as sellers regain control around the $984–$1,000 area.
The key support sits at $951.369. A breakdown below this level could open the door to further downside. Resistance around $1,013.432 remains the critical level bulls must reclaim to challenge the bearish structure.
Validity: The short bias remains intact while price stays below $1,013.432. A sustained 1H breakout above this level invalidates the setup.
Sellers still have the advantage. Watching for the next breakdown. Trade smart.
EP: $984.206
TP: $951.369
SL: $1,013.432
ZEC remains under bearish pressure on the 1H timeframe, with a clear sequence of lower highs after rejection from $1,069.997. Buyers attempted a recovery from $951.369, but the rebound is losing momentum as sellers regain control around the $984–$1,000 area.
The key support sits at $951.369. A breakdown below this level could open the door to further downside. Resistance around $1,013.432 remains the critical level bulls must reclaim to challenge the bearish structure.
Validity: The short bias remains intact while price stays below $1,013.432. A sustained 1H breakout above this level invalidates the setup.
Sellers still have the advantage. Watching for the next breakdown. Trade smart.
