$ZEC — Bearish Reversal Signal ⚡
has clearly rejected the $229 resistance, forming a double-top pattern, a classic bearish reversal signal. Price action shows consistent rejection from higher levels, highlighting seller dominance and a likely short-term correction.
Trade Setup (Short):
Entry Zone: $216 – $220
Take Profit 1 (TP1): $210
Take Profit 2 (TP2): $204
Take Profit 3 (TP3): $200
Stop Loss (SL): $224
Market Outlook:
$ZEC is facing strong rejection in the $228–$230 zone, confirming the double-top structure. The 4H chart shows weakening volume and bearish divergence, signaling a potential decline. A break below $212 could accelerate momentum toward $204–$200. Monitor the $220 area for renewed selling pressure.
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