$ZEC latest update‼️
The market is showing short-term weakness, so a swing short trade can be considered here.
Current levels look suitable for a short position.
TP: 580
SL: 705
After the recent pullback, many retail traders are now anticipating a breakout. However, $ZEC is currently sitting at a key higher-timeframe support and resistance zone, which makes the situation a bit more complex.
From a technical perspective, a clean breakout from here doesn’t look very likely. Instead, I’m expecting price to face rejection around the $660–$670 area before any further downside movement.
In most cases, real breakouts occur only after sufficient liquidity is built on both sides of the market. For now, the structure suggests a possible rejection from this zone, followed by a move toward lower targets.
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