$ZEC
– Bearish/Short Setup
Current Price: $36.73
24H Volume: $1.86M (relatively low liquidity — can amplify price moves)
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Price Action Overview
ZEK has recently shown range-bound behavior with lower highs forming on the daily chart.
Price is hovering below the key resistance zone at $38.00–$38.50, which has rejected multiple attempts.
The price recently wicked above $37.50 but closed below $37, a sign of bullish rejection and trapped longs.
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Technical Indicators
RSI (4H): Currently falling from 60 toward neutral at 48, showing decreasing bullish momentum and a shift in strength.
MACD (4H): Bearish crossover forming with widening histogram — early bearish confirmation.
Volume: Bearish divergence between price and volume; higher price candles are being accompanied by declining volume, suggesting weak hands buying.
Moving Averages: Price is below the 50 EMA, approaching a bearish crossover with the 100 EMA.
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Short Signals
Short Entry Zone: $36.60–$37.20
(ideal entry on minor bounce rejection or a wick into resistance)
Trigger Confirmation: Breakdown below $36.20 with a strong red candle and volume increase
Stop Loss: Above $38.00
Target 1: $34.80
Target 2: $32.60
Risk/Reward: ~1:2.5 potential if executed cleanly
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Bearish Setups in Play
Descending triangle forming on the 1H/4H chart — often resolves downwards if support breaks
EMA pressure is building from above — suggesting overhead resistance is intensifying
Low liquidity can exaggerate downside wicks — scalpers should watch for flash drops into support zones
