Key Support 4H: 358
Key Resistance 4H: 411
$ZEC Current Trend: Bullish with overbought signals
🔎 Key Observations:
1. Price rejected at $425 resistance with follow-through selling
2. Short-term holders (5m-1h) are reducing exposure while 24h holders maintain positions
📝 Technical Indicators Synthesis:
1. Volume Analysis: Recent 4h candles show declining volume during advance potential bearish divergence. Last meaningful volume surge occurred during the rally to $425.
2. Capital Flows: Consistent contract outflows (-26M USDT 4h, -21M 6h) contrast with spot inflows (+21M 24h) suggesting retail buying against smart money distribution.
⚡⚡ Trading Decision:
$ZEC Direction: Cautious Short
📍Entry: 398-402 USDT (test of broken support as resistance)
🗑️ Stop-Loss: 418 USDT
💰 Take-Profit: 365-358 USDT
⛔ Rationale: While the 24h trend remains bullish, multiple technical factors suggest exhaustion and declining volume on rallies create favorable short conditions. Capital flow divergence between spot and contracts indicates potential trend change.