$ZEC 4H Rejection Signals Distribution Phase — Short Setup in Play
The recent vertical expansion has stalled, and signs of distribution are now emerging. ZEC faced a strong rejection from the $330 resistance zone on the 4H timeframe and is beginning to print consistent lower highs accompanied by accelerating bearish momentum. Selling pressure is clearly stepping in.
Direction: SHORT
Entry Zone: $292 – $298
Stop Loss: $312
Take Profit Targets:
TP1: $280
TP2: $265
TP3: $245
Following the sharp rally, price structure now favors a corrective phase. As long as ZEC remains below the $300 level, the probability of continued downside movement increases. Patience and precision matter here — allow price to approach the defined entry zone rather than forcing execution.
Start the trade here 👇
ZECUSDT
Διην.
262.16
-9.53%