$ZEC
🔻 ZEC Update (Technical)
ZEC has rejected again near the major resistance (~400) and is slipping back into downside pressure, confirming that sellers are still in control at this zone.
What’s happening now
The attempted recovery failed inside the descending structure
Price is compressing under resistance → typically resolves in the direction of the trend (down)
Momentum remains weak, with no strong reclaim yet
Key Levels to Watch
Resistance: 390–400
→ A clean reclaim & hold above this zone would invalidate the bearish view
Support: 350 first, then major base around 330
→ Loss of 350 increases odds of a move toward 330
Bias
📉 Bearish continuation favored while below 400
Expect lower highs → pressure on support unless bulls step in decisively
Invalidation ⚠️ If ZEC breaks and holds above 400, the structure shifts and opens room for a broader recovery.
Bottom line:
Until 400 is reclaimed, rallies look like sell-the-rip, with risk skewed toward a support retest near 330
#VIRBNB #GoldOnTheRise #MarketCorrection #ZAMAPreTGESale #WhoIsNextFedChair
