After the surge in ZEC, the pullback now appears to stabilize at a key support level, but in reality, it is a decision point for the bulls and bears!
From a technical perspective, after the rise, the volume couldn't keep up, the MACD has a death cross + moving averages are turning, and the rebound can't break through the resistance. Weak upward momentum is just a trap! If it can't hold and breaks below support, it will likely continue to decline, and any future increase is purely talk!
You can short around 420, aiming for 390. If it breaks down, continue to look for 370.
