$ZEC still bearish.
Below key resistance, bounces are corrective — downside remains favored. 📉
Post
Marcus Corvinus
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$ZEC — Sellers still own this chart
The daily structure remains firmly bearish.
Lower highs and lower lows continue to define the trend.
Price failed to reclaim the major supply zone at $300–$330, and that rejection was decisive. What previously acted as support has now flipped into strong resistance, keeping downside pressure active.
The breakdown below key support confirmed seller control. Momentum did not shift; it expanded. The current bounce lacks strength and structure, making it corrective rather than impulsive.
As long as price trades below former support turned resistance, rallies should be treated as selling opportunities, not trend reversals.
The next high-probability area sits around the $140–$130 demand zone, where deeper historical liquidity exists and stronger reactions are more likely.
A real shift only comes with a clean daily reclaim above the $300–$330 supply zone. Until that happens, the path of least resistance remains lower.
Trend is clear.
Patience stays with the downside.
The daily structure remains firmly bearish.
Lower highs and lower lows continue to define the trend.
Price failed to reclaim the major supply zone at $300–$330, and that rejection was decisive. What previously acted as support has now flipped into strong resistance, keeping downside pressure active.
The breakdown below key support confirmed seller control. Momentum did not shift; it expanded. The current bounce lacks strength and structure, making it corrective rather than impulsive.
As long as price trades below former support turned resistance, rallies should be treated as selling opportunities, not trend reversals.
The next high-probability area sits around the $140–$130 demand zone, where deeper historical liquidity exists and stronger reactions are more likely.
A real shift only comes with a clean daily reclaim above the $300–$330 supply zone. Until that happens, the path of least resistance remains lower.
Trend is clear.
Patience stays with the downside.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
ZEC
229.93
-7.03%