The daily trend $ZEC looks confidently bullish — and that’s exactly what puts most traders on the back foot. However, the shorter 4-hour timeframe is already showing classic rejection. The price has hit resistance around $358.61 and couldn’t break through that wall — sellers made their presence known, leaving a clear mark of rejection on the chart.
As long as the crowd maintains a bullish sentiment, the 15-minute RSI is holding at 56. This isn't the oversold zone — the market's pulse hasn't faded yet, but it's no longer on the buyers' side. Sellers still have room to maneuver before the indicator hits the lower values. Adding to this, the 1-hour ATR has shrunk to 4.56: the market is frozen, like a coiled spring, and such calm usually precedes a sharp energy release. The only question is direction — and the structure of the 4-hour candlestick chart indicates down.
The signal will be a closure of the 4-hour candle below $358. If this level doesn't hold, the intraday bearish scenario will get strong confirmation, despite the overarching bullish backdrop.
Trading plan (short):
· Entry: $358.11 – $359.13 (the zone just below resistance, where sellers start to push)
· Stop-loss: $363.54 (above recent highs — a safeguard in case the breakout actually happens)
· Targets:
TP1: $354.93 — the first support on the way down,
TP2: $352.47 — the next level where sellers will take profits,
TP3: $348.78 — the zone where the price could head if the momentum fully materializes
The conflict of timeframes always brings the most intense moments. The daily trend lures you long, but the 4-hour chart paints a clear short signal. These discrepancies often trigger strong moves.
What will outweigh in your view: the daily bullish trend or the intraday short setup if the 4-hour candle closes below 358?