š“$ZEC
BEARISH TECHNICAL ANALYSIS
The chart is showing bearish continuation signs as price fails to sustain above the recent resistance zone and begins to lose bullish momentum. Multiple rejections near the upper range indicate buyer exhaustion, while the structure suggests a potential lower-high formation, favoring sellers for the next move.
Bearish Highlights:
ā¢ Rejection from the 472.00ā476.76 resistance zone
ā¢ Weak bullish follow-through after recent push
ā¢ Early lower-high structure forming
ā¢ Selling pressure increasing near resistance
POTENTIAL TARGETS (TP):
ā¢ TP1: 460.00 zone
ā¢ TP2: 456.00 zone
ā¢ TP3: 445.54 major support
STOP LOSS (SL):
ā¢ Above the recent resistance / swing high
RISK MANAGEMENT:
Risk only 1ā2% per trade, use disciplined stop placement, and avoid overleveraging in volatile conditions.