$ZEC failed to hold above the $40 level, with a sharp rejection at $40.40 triggering aggressive selling. Price has sliced through the 7 MA and 25 MA on the 15m chart, signaling a momentum shift to the downside. Unless buyers step in quickly, further decline toward lower supports looks likely.

Trade Setup (Short):

Entry Zone: $39.20 – $39.35

Target 1: $38.85

Target 2: $38.50

Stop Loss: $39.65

Market Outlook:

Short-term sentiment is bearish with clear lower highs forming. Breaking below $39.00 could accelerate the drop toward $38.50. Bulls will need a strong bounce above $39.60 to regain control.

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buy and trade here on $ZEC