The core of this content is not simply "bearish on ZEC," but rather waiting to see if ZEC experiences a momentum exhaustion at a key resistance level.
🟣 ZEC
The author focuses on $1,695–$1,700:
* If the price breaks through with volume and holds above $1,700 → it indicates bulls still have strength, and the author will reassess short positions.
* If multiple attempts to break $1,695–$1,700 fail → the author believes profit-taking and a quick pullback may occur.
* Because ZEC previously rose very quickly, the author worries that if the trend reverses, the decline could also be rapid.
There is an important distinction here: "multiple failures to break $1,700" does not necessarily mean a decline. It only indicates significant selling pressure at this level, requiring further observation of volume and price structure.