$ZEC Rejection Confirmed… Bears Are Finally Taking Control… Guys… look at this carefully… In the past, whenever the market formed this type of sharp downside wick after a massive rally… 99.9% of the time price eventually came back to test those wick areas after some time… 👀 … And now $ZEC is showing a very similar structure again…!!! … I am holding the short now… let’s see if the market follows the same pattern this time…
Short Entry: $795 – $805…
Stop Loss: $870…
Target 1: $760…
Target 2: $720…
Target 3: $695…
$ZEC failed to hold the $840+ breakout zone and printed a sharp rejection back toward $800… The 1H structure is now showing a potential bearish reversal after that massive rally… sellers are clearly defending the upper range strongly… 📉🔥 … A clean break below $795 could accelerate the downside toward $760 and then $720… If $695 breaks as well… the correction could become much deeper…!!!
#SpotGoldHitsHighestSinceMay15
Short Entry: $795 – $805…
Stop Loss: $870…
Target 1: $760…
Target 2: $720…
Target 3: $695…
$ZEC failed to hold the $840+ breakout zone and printed a sharp rejection back toward $800… The 1H structure is now showing a potential bearish reversal after that massive rally… sellers are clearly defending the upper range strongly… 📉🔥 … A clean break below $795 could accelerate the downside toward $760 and then $720… If $695 breaks as well… the correction could become much deeper…!!!
#SpotGoldHitsHighestSinceMay15