Short Position Announcement $ZEC
T.P : 603
Leverage 2x (SL adjust Accordingly)
I am taking a short position on $ZEC after the sharp vertical move into the $877 n $910 resistance zone.
This isn’t a call that ZEC has topped forever.. it’s a mean reversion trade after an extremely extended move.
Reason 1. Parabolic expansion
ZEC has moved from roughly $478 to $877 in a very short period.That kind of acceleration can create a significant imbalance between price and sustainable demand.After a move this aggressive,I am looking for a retracement rather than chasing the upside.
Reason 2 ..Major resistance
The chart shows price approaching the $877.60 high,with the next major visible level around $910.I am treating $877 n $910 as the key resistance area.
buyers will fail to establish acceptance above this zone,downside liquidity will become attractive.
⚠️ Reason 3...Risk/reward
At current levels,I don’t want to chase a long after such an explosive move.The short thesis is based on a potential rejection and retracement toward previous structure.
Key areas I’ll watch on the downside: $766 , $622 , $478.
Not financial advice. Manage leverage and risk accordingly.
T.P : 603
Leverage 2x (SL adjust Accordingly)
I am taking a short position on $ZEC after the sharp vertical move into the $877 n $910 resistance zone.
This isn’t a call that ZEC has topped forever.. it’s a mean reversion trade after an extremely extended move.
Reason 1. Parabolic expansion
ZEC has moved from roughly $478 to $877 in a very short period.That kind of acceleration can create a significant imbalance between price and sustainable demand.After a move this aggressive,I am looking for a retracement rather than chasing the upside.
Reason 2 ..Major resistance
The chart shows price approaching the $877.60 high,with the next major visible level around $910.I am treating $877 n $910 as the key resistance area.
buyers will fail to establish acceptance above this zone,downside liquidity will become attractive.
⚠️ Reason 3...Risk/reward
At current levels,I don’t want to chase a long after such an explosive move.The short thesis is based on a potential rejection and retracement toward previous structure.
Key areas I’ll watch on the downside: $766 , $622 , $478.
Not financial advice. Manage leverage and risk accordingly.
