$ZEC is showing a clear bearish breakdown after a failed bounce, increasing the risk of continuation to the downside.
A strong rejection near 476.7 created a lower high, followed by an impulsive sell-off. On the 1H timeframe, price is trading below EMA 7/25/99, structure remains weak, and sellers are firmly in control as 420 support is under pressure.
๐ SHORT ZONE: 425.0 โ 432.0
๐ฏ TP1: 418.0
๐ฏ TP2: 405.0
๐ฏ TP3: 392.0
๐ STOP LOSS: 442.5
As long as price stays below the 440 resistance and key EMAs, bearish momentum remains dominant, favoring a move toward lower support levels.
