$ZEC Short Alert: Bears Refuse to Back Down!
The trend is your friend, and right now, the trend for Zcash is pointing firmly south. Despite several attempts to reclaim higher ground, $ZEC is facing heavy rejection at the top. With the Fear & Greed Index currently sitting at an extreme level, selling pressure is only intensifying.
🔍 Technical Analysis Breakdown:
HTF Structure: Both the 1H and 4H timeframes show a clear series of lower highs. The "Smart Money" is stepping in at every rally to push the price back down.
Seller Exhaustion? Not yet. We are seeing consistent volume on the red candles, suggesting that the path of least resistance remains toward the local support levels.
Upside Rejection: Every push toward $263+ is being met with immediate sell walls, confirming that the bears have a tight grip on the current range.
📉 The Trade Plan (Short Setup):
Entry: Market Price
Stop Loss (SL): 263.86 🛡️ (Safe invalidation above the rejection wick)
🎯 Take-Profit Targets:
Target 1: 256.40 (Immediate liquidity)
Target 2: 253.80 (Key psychological floor)
Target 3: 250.82 (Major Structural Support) 🚀
💡 Pro Trader Tip: ZEC is highly sensitive to privacy-coin narratives. Keep an eye on the broader market sentiment—if the "Extreme Fear" continues, we could see Target 3 hit faster than expected!
