$ZEC – Market Scenario (1H)
After a strong bullish impulse, price shows clear rejection near the recent high around 457.
Bullish momentum is starting to weaken, and the structure suggests a potential short-term pullback rather than an immediate continuation to the upside.
Price has also broken below the ascending trendline, which often signals that buying pressure is decreasing after an aggressive move.
Market observations:
1. Rejection from a key resistance area
2. Ascending trendline no longer respected
3. RSI rolling over, indicating weakening momentum
4. MACD losing bullish strength, histogram turning red
5. Stochastic RSI in the lower zone, selling pressure still present
In this condition, the market may:
1. Continue a pullback toward previous demand zones, or
2. Consolidate before deciding the next direction
Previously, I did take a position, but I chose not to share it because the scenario at that time was still relatively weak. That trade was more of a personal analysis test, and this time the market happened to move in the same direction. I still consider it part of the learning process.
⚠️ Not financial advice. Every analysis carries risk, and the market always has the final say.
