$ZEC : SHORT 🔴📉
ZEC is losing momentum after a sharp rejection from the $449 zone, with overbought indicators and weakening structure signaling downside pressure.
✅ Entry: $415 – $420
🛑 Stop Loss: $435
🎯 Take Profit Targets:
• TP1: $395
• TP2: $380
• TP3: $360
⸻
📊 Key Technical Analysis
1. Bollinger Bands:
Price pulled back from the upper band and is now trading below the middle band → bearish momentum building.
2. Moving Averages:
MA5 is crossing below MA10 with both turning downward, confirming short-term trend reversal.
3. Price Action Structure:
Strong rejection at $449.99, followed by lower highs and a breakdown candle → classic bearish reversal pattern.
4. StochRSI:
StochRSI is extremely overbought (85–88) and starting to roll over → high risk of a downward swing.
5. Volume & OBV:
Volume is declining on rallies but stronger on red candles; OBV shows distribution → sellers in control.
6. Key Levels:
Support: $395 – $380
Resistance: $449
{future}(ZECUSDT)