$ZEC Testing Major Moving Average Resistance — Rejection or Breakout? 📊👀
Zcash (
$ZEC ) has put together a steady recovery, but the asset has now climbed directly into its heaviest technical overhead supply wall of the month between $614 and $622. This zone aligns perfectly with both the 50-day and 200-day moving averages on the daily chart.
On the 4-hour timeframe, momentum is beginning to compress tightly under this ceiling, and the RSI is hovering around neutral territory. Historically, the 200-MA acts as a strict bull/bear boundary line. If buyers fail to force a clean daily candle body close above $624, we are highly likely to see an influx of fresh selling pressure and profit-taking, sending the price back down to sweep lower liquidity pools.
Here is the exact technical blueprint for a calculated Short position if resistance holds:
📉 Trading Plan: SHORT
Entry Zone: $612.00 – $622.00
Stop-Loss (SL): $631.50 (Clear invalidation above the moving average cluster)
Take-Profit 1 (TP1): $595.00
Take-Profit 2 (TP2): $583.00
Take-Profit 3 (TP3): $568.00
⚠️ Alternative Breakout Note: If a daily candle closes cleanly above $624.00, the bearish thesis is instantly voided, and momentum will likely flip aggressively bullish toward the next major macro resistance targets near $648.
👇 Track the live order book and trade
$ZEC here 👇
#cryptosignals #longsignal #ShortSignal #zec