$ZEC
Price faced strong rejection from the upper supply zone and failed to hold above the key resistance.
Momentum is clearly shifting to the downside after a sharp move up, and sellers are stepping back in with strength.
This looks like a classic pullback rejection, turning into a short continuation move.
As long as price stays below the rejection area, downside pressure remains dominant.
Trade Setup
Entry Range: 408 – 412
Target 1: 397
Target 2: 392
Target 3: 380
Stop Loss (SL): 425