Strong rejection from the upper zone shows sellers are still dominating the chart. Buyers tried to push price up, but every small bounce is getting sold quickly. Momentum looks weak, so downside pressure is still active.
I’m looking at a short setup on $ZEC /USDT from the current area.
Short: $ZEC /USDT
Entry: 278 – 282
Stop Loss: 289
TP1: 274
TP2: 268
TP3: 260

ZECUSDT
Διην.
271.2
-5.45%
Price is staying close to intraday lows and not showing any strong recovery. As long as 289 acts as resistance, the bearish move can continue. Manage risk properly and stick to your plan.