⚠️ $ZEC — Rejection from Resistance, Bearish Reversal Short Setup 📉
Trading Plan — SHORT $ZEC
· Entry: 395 – 400
· Target 1: 380
· Target 2: 370
· Target 3: 360
· Stop Loss: 410
Analysis
$ZEC at **$396.25** is showing signs of rejection near the 24H high of $404.77, struggling to break above key resistance. Despite a +2.27% gain today, the price is forming a lower high on the chart, indicating weakening momentum.
The chart reveals a potential double-top formation near $405**. A break below **$395 could trigger a sell-off toward $380 → $370 → $360**. Only a close above **$410 would break structure and invalidate the short setup.
ZECUSDT
Prep
427.57
+8.97%