zecbearish

The 4H chart is showing a sharp rejection from the $1,700 area, followed by a breakdown through the key moving averages.
ZEC is now trading around $1,377, with the latest sell off pushing price below the 50 EMA and directly toward the 200 EMA. What makes this move interesting is the combination of momentum and structure: after repeatedly failing to reclaim the $1,600–$1,700 region, sellers finally accelerated the downside. If the 200 EMA fails to hold, the next major area visible on the chart is around $1,300, followed by the much stronger $1,100 support.
🔻 Short Trading Plan
Entry Zone: $1,370 – $1,410
TP1: $1,300
TP2: $1,200
TP3: $1,100
Stop Loss: $1,475
The key confirmation for this short idea is whether ZEC can remain below the broken EMA structure instead of quickly reclaiming it. A failed bounce around $1,400–$1,450 could give sellers another opportunity to push lower. Volume also needs attention because a strong sell-side expansion would make the breakdown more convincing.
However, $1,300 and especially $1,100 are significant support areas where buyers could attempt to step back in, so downside should not be treated as a straight-line move. If ZEC reclaims the breakdown zone and holds above it, the bearish setup weakens considerably.
$ZEC
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