$ZEC
/USDT – Bearish Rejection Signals Potential Pullback After Local Upside Exhaustion
ZEC has shown strong upside earlier, but the 15m timeframe now displays a clear rejection near the $445–448 zone, where buyers failed to sustain momentum. Price is currently breaking down from minor support, indicating that sellers may be stepping back in after the intraday spike. If this weakness continues, ZEC may revisit lower liquidity levels.
Trade Setup
Entry Range:
$440 – $444
Target 1: $433
Target 2: $428
Target 3: $422
Stop Loss (SL): $449.80
Short Outlook of Market:
ZEC is reacting bearishly from the short-term resistance zone, signaling that upward momentum is fading. A series of lower highs and a breakdown of the local support suggest downside continuation is likely if price stays below the rejection area. Only a strong reclaim above $449.8 would invalidate this bearish setup.