$ZEC / Zcash – Rally Rejection & Distribution Signs
$ZEC faced clear rejection near the 253 supply zone, printed a lower high on the 45m timeframe, and is now compressing back into the EMA cluster. Momentum is fading after the impulsive breakout, suggesting possible distribution rather than continuation.
Bias: SHORT
Entry: 238.0 – 242.0
Stop-Loss: 254.5
Targets:
TP1: 233.0
TP2: 226.0
TP3: 220.5
As long as price remains below 254.5, downside rotation toward prior demand zones remains favored. A clean acceptance above that level invalidates the bearish thesis.
Volatility has expanded recently — adjust position sizing accordingly and manage risk strictly.
ZECUSDT
Perp
230.14
-3.67%