$ZEC Take Profit 3 $1,040
Technical Analysis
ZEC is showing potential short-term selling pressure following the reported long liquidations near $1,155.56. The $1,175 area is an important zone to watch for potential resistance. If price attempts a recovery but fails to hold above this region, sellers may regain control.
A confirmed bearish rejection, supported by increasing selling volume, could create an opportunity toward lower support levels. Avoid entering before price confirmation.
Invalidation: A sustained 4H candle close above $1,195 would invalidate this short scenario.
Risk Management: Wait for rejection confirmation and maintain controlled position sizing.
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