$๐จ $ZEC Clear Downtrend
Recent K-line shows increased volume during downward moves, confirming selling pressure. The last few candles have low volume, suggesting a lack of buying interest.
Capital Flow: Consistent net outflows in both spot and contract markets over short timeframes (-504K in 5m for contracts, -45K in 5m for spot). Longer-term outflows (24h: -9.5M for contracts, -4.8M for spot) reinforce bearish momentum.
Entry short $ZEC : current levels 223 or on a minor pullback to 225-227 (test of broken support turned resistance).
Stop Loss: Set at 233 (just above MA5 and recent resistance)
Target Price $ZEC : 211. If bearish momentum accelerates, lower support 200 could be next.
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ZECUSD
ZEC
229.88
-6.90%