๐จ $ZEC Clear Downtrend
The asset has formed a series of lower highs and lower lows, with recent price breaking below the 250 psychological level.
The long wicks on recent candles at 237 indicate some buying interest at lower levels, but failed rallies suggest weak demand.
Capital Flow: Contract net outflow is significant across all timeframes (-10.69M USDT over 4H, -21.90M over 6H/8H), indicating strong selling pressure in derivatives. Spot net outflow is also negative (-3.53M over 24H), reinforcing bearish sentiment. Short-term flows (5m-1H) show mixed but overall negative trends, aligning with the bearish structure.
Entry short $ZEC : near 254 resistance, or on a breakdown below 234 support
Stop-Loss: 265 for shorts near 254 or 245 for entry breakdown 234
Target Price $ZEC : 227 or lower
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