$ZEC 1. Rejection at Local Resistance
The price hit a 24h high of $518.74 and immediately pulled back. On the 15m chart, we see a "long-wick" candle at the top, followed by small red candles. This suggests that the initial "pump" momentum has stalled and sellers are stepping in to defend the $515–$520 zone.
2. Overextended Move (The "Cool-off" Logic)
Performance: ZEC is up +14.56% in 24 hours and over 15.5% today alone.
The Scalp Setup: After such a vertical "God candle" (the large green bar in the middle), the price often enters a consolidation phase or a "mean reversion." Scalpers look for this dip back toward the support levels (like $506 or $490) to capture quick profits before the next trend decision.
3. Order Book Sentiment
The buy/sell ratio at the bottom shows 91.23% Bids vs. 8.77% Asks.
The Contrarian View: While this looks ultra-bullish, high bid density can sometimes act as a "magnet" for a quick price drop as large players sell into that liquidity to realize profits.
Scalper's Risk: If the price breaks below the current consolidation at $511, a quick "stop-hunt" down to the $500 psychological level is a common scalping target.
