🚨 $ZEC Bearish consolidation, I'd consider Short on pullback
Recent K-line data shows elevated volume during declines at 376.39→360.32 and weaker volume during rebounds, confirming selling dominance. The latest candle (352.69) has low volume, suggesting exhaustion near supports.
Capital Flow: Contract net outflow dominates across most timeframes (-24.73M USDT in 24h), indicating institutional selling. Spot net outflow (-5.12M USDT in 24h) reinforces bearish retail sentiment. Short-term inflows (4H contract: +7.28M USDT) hint at localized buying but lack follow-through.
Entry short $ZEC : Enter short near 366.5 (resistance level) or on a rejection at MA5 360.45. Alternatively, break below 342.4 (support level) with volume could signal further downside.
Stop-Loss: 378–381 if shorting near 366.5 considering resistance confluence.
Target Price $ZEC : 332.1 (support level) or 318.3 (lower support) if bearish momentum accelerates.
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