$ZEC is due for a correction. Is it too late to short?
As long as it stays above the current price, $ZEC looks primed for a drop. We need a daily close above 0.45 to validate this trade.
Price is 14.9% above SMA25, which is a classic sign of overextension.
SMA7 is trading above SMA25, indicating a short-term bearish crossover.
The 10-bar trend is still bullish, but the last candle is bearish, which is a warning sign.
A daily close above 0.59 invalidates this trade setup.
Are you buying this dip on $ZEC?
As long as it stays above the current price, $ZEC looks primed for a drop. We need a daily close above 0.45 to validate this trade.
Price is 14.9% above SMA25, which is a classic sign of overextension.
SMA7 is trading above SMA25, indicating a short-term bearish crossover.
The 10-bar trend is still bullish, but the last candle is bearish, which is a warning sign.
A daily close above 0.59 invalidates this trade setup.
Are you buying this dip on $ZEC?