ZEC just tagged 457.95 and immediately printed a sharp rejection wick on the 5m chart — classic signs of a short-term blowoff:
🔸 Price got stretched far above EMA9 & EMA21 🔸 Rejection candle with strong sell pressure 🔸 Volume spike → exhaustion signal 🔸 Now pulling back toward EMA21 support
Scalp Shorts: • Only valid if it loses 440.96 • Retest + fail = clean short trigger
Scalp Longs: • Only if price reclaims the wick zone 452–458 with momentum • Otherwise, upside is limited and risky
⚠️ After a vertical move like this, retracements are normal. Don’t chase tops. $ZEC #Altcoins!
JELLYJELLY pumped +85% in a straight line, but the chart is now showing clear exhaustion:
🔸 Huge vertical rally → very weak follow-through 🔸 Rejection from 0.08888, forming a lower high 🔸 EMAs are still bullish… but momentum is clearly slowing 🔸 First signs of distribution on lower timeframes
Not an ideal place to long. Not yet a confirmed short.
Short trigger: • Breakdown below 0.0788 • Retest and fail = high-probability short
Longs only make sense if it reclaims 0.0844 with strength.
⚠️ High risk zone. I’m staying patient here. $JELLYJELLY
After a +140% move, emotions are high — but price is still holding structure. No confirmed lower high, no breakdown yet.
What I’m watching for a short (facts, not feelings): • Rejection from the highs with a clear lower high • Loss of support (range low breakdown) • Volume fading on bounces • Breakdown + retest = confirmation
Shorting because “it pumped too much” is gambling. Let price show weakness first.
Patience > Ego. Capital protection comes first. 🧠📉 $TRUTH
#Truth #Altcoins The image below represents and ideal short. Image is attached to showcase an ideal short setup for any coin, not the real thingy
ZEC failed to hold the local high near 474 and got a clean rejection. Price rolled over and lost short-term EMA support, which confirms momentum weakness.
Key points:
Lower high formed → trend is no longer impulsive bullish
Price lost EMA 9 & EMA 21 → short-term control back to sellers
Current bounce looks like a relief pullback, not strength
Key Levels
Resistance: 430–440 (previous breakdown zone)
Major resistance: 470–480
Support: 380–390
If that fails → 350 → 330 zone opens up
Bias
As long as ZEC stays below 440, rallies are sell-on-strength
Bullish again only if price reclaims and holds above 450 with volume
Textbook volatility expansion. Price just cleanly reclaimed the EMAs after a long bleed and ripped straight into prior supply around 0.063–0.064.
What matters now 👇
Strong impulse = momentum shift ✅
Current price is above EMA9/21 → bullish structure intact
This zone is decision territory, not chase territory
Two scenarios from here: 🟢 Hold above 0.058–0.060 → continuation likely after consolidation 🔴 Lose that level → pullback to build a higher base (healthy, not bearish)
No predictions. Just reacting to structure and liquidity.
XNY printed a textbook blowoff wick on the 4H — a vertical move straight into 0.02100 followed by an instant rejection. That’s not bullish strength. That’s liquidity grab + trapped longs.
On the 15M, the bounce we’re seeing now is just a weak retest:
Low volume
EMA9/21 stretch and curling
Still below the intraday lower high at 0.00848
Unless XNY reclaims 0.0085 with strength, this looks like a dead-cat bounce inside a developing reversal.
Short Signal Setup
A short becomes high probability if:
• Price rejects 0.0078 – 0.0085 • EMA9 crosses below EMA21 on LTF • Buyers fail to step in on retests
Downside Liquidity Levels
If 0.00698 breaks:
📉 0.00613 📉 0.00529 📉 0.00445 (deep flush)
This chart screams: exhaustion on HTF, distribution on LTF.