š $ZEC /USDT BREAKDOWN PRIVACY COIN LOSES STEAM AT THE TOP ā”š
$ZEC failed to hold above its key $42.10 resistance and printed a strong rejection candle. After a sharp intraday pump, price has flipped bearish with increasing downside volume a classic fade pattern.
š» Short Trade Setup
⢠Entry Zone: $40.35 ā $40.50
⢠Target 1: $39.60
⢠Target 2: $38.85
⢠Target 3: $38.10
⢠Stop Loss: $41.25
š Technical Insight: This is a textbook lower-high rejection after a failed breakout. Bears are stepping in with conviction, and volume supports the fade as profit-taking accelerates.