$ZEC — Short Update 📉
The ZEC short continues to move in the expected direction and the market is showing signs of a short-term pullback.
After a strong rally toward 394, price is now forming lower highs with decreasing buying momentum. This indicates a cooling phase after the aggressive upward move.
Current Observations: 📊 Multiple red daily candles forming
📊 RSI cooling from overbought levels
📊 Volume decreasing after the pump
Key Levels I'm Watching:
🎯 Resistance
360 — Strong rejection zone
375 — Major resistance
🎯 Support
330 — Immediate support
317 — Next support
300 — Strong demand zone
If you're holding a short position, consider managing risk and protecting profits while monitoring price action closely.
The setup remains valid as long as price stays below resistance levels.
Stay disciplined. Trade smart. Protect capital 🎯
