🚨 $ZEC Bearish Consolidation
Recent candles show elevated volume during downside moves, indicating selling pressure. The most recent candle shows extremely low volume, suggesting lack of conviction and potential consolidation.
Capital Flow: Mixed signals with significant outflows in medium-term periods (4H: -4.29M, 6H: -3.18M) but positive inflows in very short-term (1H: +2.9M) and 24H (+15.65M). This suggests recent selling pressure but some buying interest at current levels.
Entry $ZEC :
• Consider short positions on failed tests of resistance near 365-369 USDT, or break below 352 with confirmation.
• For long positions, wait for clear reversal signals above 365 with volume confirmation.
Stop Loss: approximately 10-14 USDT given current volatility and ATR of 7.18
Target Price $ZEC :
• For short positions: 348-352
• For long positions: 375-380 though long setup requires stronger confirmation.
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