ZEC Sweeps Highs Then Rejects – Short Setup
🔴 $ZEC - SHORT
Trade Plan:
Current Price: ~$465
Entry Zone: 458 - 472
SL: 490
TP1: 440
TP2: 420
TP3: 395
The 4H chart shows price sweeping liquidity above the recent high into the shaded Entry Zone of 458-472 before forming a strong bearish rejection candle exactly at this supply confluence at current price ~$465. This area aligns with a previous distribution zone and the 0.5 Fib retracement of the larger impulse, where sell-side liquidity was resting. Market structure has already shifted to lower highs with clear displacement below the most recent swing low. The large glowing red directional arrow emphasizes the high-probability breakdown as volume profile reveals thin demand overhead. The red SL at 490 sits safely above the liquidity pool and invalidation level. Green TP levels target previous demand zones and unfilled fair value gaps below. This setup offers strong risk-reward as sellers regain full control after the failed breakout attempt.
Will ZEC extend lower toward the 420-395 demand zone or find temporary relief first?
Click below for trade 👇
DYOR & manage risk!
$ZEC
🔴 $ZEC - SHORT
Trade Plan:
Current Price: ~$465
Entry Zone: 458 - 472
SL: 490
TP1: 440
TP2: 420
TP3: 395
The 4H chart shows price sweeping liquidity above the recent high into the shaded Entry Zone of 458-472 before forming a strong bearish rejection candle exactly at this supply confluence at current price ~$465. This area aligns with a previous distribution zone and the 0.5 Fib retracement of the larger impulse, where sell-side liquidity was resting. Market structure has already shifted to lower highs with clear displacement below the most recent swing low. The large glowing red directional arrow emphasizes the high-probability breakdown as volume profile reveals thin demand overhead. The red SL at 490 sits safely above the liquidity pool and invalidation level. Green TP levels target previous demand zones and unfilled fair value gaps below. This setup offers strong risk-reward as sellers regain full control after the failed breakout attempt.
Will ZEC extend lower toward the 420-395 demand zone or find temporary relief first?
Click below for trade 👇
DYOR & manage risk!
$ZEC