$ZEC Breakdown: Privacy Coin Loses Steam at the Top.....
$ZEC failed to hold above the key resistance at $42.10 and is now showing signs of a strong rejection candle. After a sharp intraday rally, price has flipped bearish with increasing volume on the downside โ a classic fade setup.
SHORT Trade Setup
Entry Zone: $40.35 โ $40.50
TP1: $39.60
TP2: $38.85
TP3: $38.10
Stop Loss: $41.25
๐ Technical Insight:
This is a clean lower-high rejection after a failed breakout. Volume confirms profit-taking, and bears are stepping in fast.