$ZEC IS CURRENTLY TARGETING THE 405 ZONE AFTER LOSING ITS KEY INTRADAY SUPPORT.

From the chart structure, $ZEC faced a sharp rejection from the upper range and failed to sustain above the highlighted resistance area around 419–420. This rejection was followed by strong bearish candles, showing that sellers are in control and buying pressure is weak at current levels. The price is forming lower highs and struggling to reclaim the broken support, which now acts as resistance. As long as price remains below this zone, downside continuation remains the higher probability scenario.

From a trade perspective, the structure favors a short opportunity as the market shows clear weakness and continuation pressure to the downside. The projected move aligns with the liquidity zone near 405, where price may attempt a temporary bounce. Any pullback toward the previous support-turned-resistance zone can be considered a selling opportunity, provided price fails to hold above it. Risk remains controlled as long as invalidation stays above the recent rejection area.

Short Outlook:

Overall bias remains bearish, and unless $ZEC reclaims and holds above the 419–420 zone, the path of least resistance points toward the 405 support area.