📉 $ZEC — Major Resistance Test, Pullback Risk Rising
ZEC
214.18
-0.88%
$ZEC just surged into a key moving-average ceiling, and while momentum remains strong, the market is entering short-term exhaustion territory.
🔴 Short Setup – Zcash ($ZEC)
Entry: $217 – $222
Stop Loss: $236
🎯 Targets:
TP1: $205
TP2: $188
TP3: $166
📊 Market Insight • Price is approaching the MA200 resistance (~$217) after a sharp rally.
• RSI above 73 indicates overbought conditions.
• This zone has historically triggered profit-taking and pullbacks.
Even with bullish momentum, extended rallies often retrace toward liquidity zones — with $205 acting as the key support level before the market decides the next major move.
Trade with discipline. Protect your capital.