After a strong impulsive rally, $ZEC price stalled near the upper zone and failed to hold above it. You can see repeated rejection from the same area, followed by loss of momentum and a shift back below the intraday structure. That’s a classic sign of buyer exhaustion and distribution at the top, not continuation. Once price slipped back under the key level, sellers stepped in with control.

$ZEC is now in a pullback phase after an overextended move.

Short Trade Setup

Entry: 446 – 450

Target 1: 431

Target 2: 411

Target 3: 392

Stop Loss: 458