$ZEC rejection after vertical spike — distribution under resistance.
SHORT $ZEC
Entry: 249.5 – 250.5
Stop Loss: 251.96
Take Profit:
TP1: 248.0
TP2: 246.0
TP3: 244.8
After a sharp impulsive rally, price stalled and is now consolidating beneath resistance around 251.9. The strong upper wick and fading momentum suggest buyers failed to sustain breakout continuation. Structure is compressing below the spike high, hinting at potential distribution.
If 248 breaks with acceptance, downside liquidity toward 246 and 244.8 becomes the likely magnet. Invalidation remains clean above 251.96.
Trade $ZEC here 👇
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