⚡ ZEC WARNING — BEWARE THE WICKS
The recent volume candle on $ZEC didn’t expand—it compressed. That top wick you see? It’s a sign of rejection at major resistance, not buying strength.
What you want is a solid, full-bodied candle closing above the level, followed by volume expansion on the next candle to confirm the move. Without that, price can easily roll over, trapping late longs.
Repeated upper wicks tell the story: sellers are active, support below is passive, and in a compressing triangle structure, the side doing the rejecting usually wins.
LONG — Acceptance Above $400
Entry: 420–430
SL: 398
TP: 455 → 485 → 520
SHORT — Rejection at Supply
Entry: 455–470
SL: 495
TP: 420 → 385 → 350
Bias Rule:$ZEC
Hold above $400 → favor longs
Rejection at 460s → short the failure
This is a tricky game—patience and confirmation are key.
