🚨 $ZEC
Momentum Still Pointing Down
ZEC is firmly in a strong downtrend, and downside pressure is accelerating.
Price action:
Price is down roughly 22% from the 24-hour high near 491, now sitting just about 1% above the session low around 397. The structure is clear: lower highs, lower lows, with distribution-like behavior. The break below the 429 lower Bollinger Band looks more like momentum continuation than a bottoming signal.
Volume read:
Sell candles are printing with expanding volume — sellers are clearly in control. Relief bounces have been weak and low volume, showing limited buyer conviction.
Capital flows:
Outflows remain consistent across timeframes. Roughly –180M USDT in 24h derivatives flow and –47M USDT in spot, with the same trend visible from short-term charts up to the 7-day view. Capital is exiting, not rotating back in.
Short setup:
Entry: Fade any bounce into 415–420 USDT (former support turned resistance)
Alternative: Aggressive entries on a breakdown below 405 USDT, with tight risk management
Stop loss: ~3% above entry (roughly 425–432 USDT, near clustered 4H resistance)
Targets:
TP1: 380.40 USDT (near-term support)
TP2: 339.78 USDT (next major support, wait for continuation confirmation)
Market note:
Momentum is strong, but RSI is oversold, so sharp counter-trend bounces are possible. This setup suits traders comfortable managing volatility and fast moves.