$ZEC faced a strong rejection from the 236 resistance zone and is now trading near local lows, signaling clear seller dominance. The inability to hold higher levels indicates weakness, and current structure suggests continuation to the downside unless bulls reclaim key levels quickly.
📊 Trade Setup
🔹 Entry Zone (Short):
220 – 224
🎯 Take Profit Targets:
TP1: 212
TP2: 205
TP3: 198
🛑 Stop Loss:
230
📈 Market Outlook
Trend has shifted bearish with a clear lower high formed at 236. Price is now compressing near support at 216–218, and repeated tests weaken this zone. A breakdown here could trigger a sharp move toward sub-210 levels. Only a strong reclaim above 228 would invalidate the bearish bias.
Buy now and trade here on $ZEC
ZEC
220.54
-0.48%