šØ $ZEC Bearish Consolidation on 4H chart
ā¢ The price is hovering near the daily low 355.6 and has failed to break above Resistance 376.4 multiple times in recent 4h candles.
ā¢ A clear lower high structure is visible in the K-line data (448.7 ā 425.3 ā 415.6 ā 367.3), confirming downtrend integrity.
ā¢ The immediate support at 350 is critical; a break below could accelerate selling toward lower support 339.7
ā¢ Contract Net Flow: Consistent outflows across all short-term periods (5m to 24h: negative values), indicating leveraged traders are reducing long positions.
ā¢ Spot Net Flow: Similarly negative across short-term windows, reflecting retail selling pressure.
Entry short $ZEC
ā¢ Ideal short entry near resistance: 366-370 USDT (test of MA5 or BOLL middle band).
ā¢ Alternatively, break below Support 350 with volume confirmation could trigger a short.
Stop-Loss: 378-385 USDT range, aligning with Resistance and MA10 m).
Target Price $ZEC : 339.7 (support zone) or lower
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If price holds above Support 350 and shows reversal signs (bullish engulfing, volume spike), avoid shorting and wait for clarity. Current indicators favor downside but require precise timing. #zec #zecusdt #zcash