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$ZEC — Post-Rally Pullback: Momentum Cooling Near Highs
ZEC made a strong impulsive move up to 339 but faced rejection, leading to a gradual pullback on the 1H chart. Price is now forming lower highs after the peak.
📉 Market Structure Insight
Short-term momentum is weakening as sellers step in near the top. However, overall structure still holds some strength after the sharp rally.
💡 Key Insight:
This looks like a healthy cooldown unless key support levels break.
🎯 Levels to Watch:
Support: 310
Resistance: 335
Holding above support could lead to another push. Breakdown opens room for deeper correction.
Are you buying the dip or waiting for confirmation?