🚨 $ZEC Bearish Consolidating, I'd consider short it on 1-hour timeframe
Recent candles show declining volume during consolidation phases, with volume spikes occurring during downward moves, this suggests selling pressure on declines.
Capital Flow: Contract funds show consistent outflows across multiple timeframes (-5.97M over 6H, -6.31M over 12H), indicating institutional money leaving long positions. Spot flows also negative majority of periods, reinforcing bearish capital movement.
Entry short $ZEC : Ideal entry near resistance 416.3 USDT or break below support 403.4 USDT
Stop Loss: 3.5% (422.5 if entering at resistance, 416.5 if breaking support)
Target Price $ZEC : 390.5 (Support level)
A break above 416.3 with volume could invalidate bearish thesis, targeting 423.34 next.
ZECUSDT
Perp
409.43
+1.12%
While some indicators show neutral conditions (RSI, MA cluster), the consistent capital outflows suggest underlying weakness. The failed attempt to break above 417.49 (24h high) indicates resistance strength. Wait for either rejection at resistance or breakdown below key support for confirmation.
