🐻 $ZEC under pressure on the 1D chart 📉
Price is clearly locked in a strong downtrend, and while RSI is deep in oversold territory, the structure still favors the bears. ⚠️
🔴 Volume tells the story
Those heavy red candles with ~6M+ volume show aggressive distribution. The spike in volume during sell-offs screams capitulation, with sellers in full control.
💸 Capital flow check
Spot outflows are brutal — -26M (24H) and -94M (7D) 🚨, showing retail is staying away. Futures remain mostly negative, with only a brief 1H inflow that looks more like a dead-cat bounce getting sold quickly.
🎯 Short ideas
Aggressive traders may look near 433–440 with tight risk, while conservative setups wait for a bounce into 465–475 (MA5) before re-entering shorts.
📍 Targets: 380 → 358 (-12% to -17%)
🛑 Stops: 3–5% above entry — expect sharp snap-back bounces due to oversold RSI.
What’s your read on ZEC — fading bounces or trying a counter-trend long? 👀
