While $ZEC saw a sharp bounce off the $1,120 demand zone, the higher-timeframe market structure remains firmly bearish.
The $1,320 – $1,350 area represents a heavy confluence zone: previous broken support turned key resistance and the origin of the recent aggressive sell-off.
📊 Short Setup
– Entry Zone: $1,320 – $1,350
– Stop Loss: $1,375
– Targets: $1,270 | $1,220 | $1,150
📌 If price breaks directly below $1,200, watch for a bullish reversal wick AND volume surge to Long the rebound.
The $1,320 – $1,350 area represents a heavy confluence zone: previous broken support turned key resistance and the origin of the recent aggressive sell-off.
📊 Short Setup
– Entry Zone: $1,320 – $1,350
– Stop Loss: $1,375
– Targets: $1,270 | $1,220 | $1,150
📌 If price breaks directly below $1,200, watch for a bullish reversal wick AND volume surge to Long the rebound.