$ZEC / Zcash
Sell-the-rally bias as price rejects 253 supply, prints lower high on 45m, and compresses back into EMA cluster, signaling distribution after impulsive breakout with weakening follow-through.
Bias: SHORT
Entry: 238.0 – 242.0
Stop-Loss: 254.5
TP1: 233.0
TP2: 226.0
TP3: 220.5
As long as price holds below 254.5, downside rotation toward prior demand remains favored; acceptance above that level invalidates the distribution thesis. Position sizing must respect recent volatility expansion.
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ZECUSDT
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237.95
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