Trading Plan Short $ZEC
$ZEC rejected the 511.88 resistance after failing to reclaim the 1H EMA21.
Entry: $511.00-$519.00
Stoploss: $525.50
Targets: $503.00 / $490.00 / $470.00
ZEC is showing signs of distribution after tapping into the 1H supply at 511.88. Sellers are aggressive with taker sell volume dominating, suggesting smart money is offloading here. Open Interest is bleeding as price struggles, trapping retail longs who bought the small bounce. The BB squeeze is building, setting up for a potential downside expansion. Reclaim $525.50, short voided.
Trade $ZEC here 👇
$ZEC rejected the 511.88 resistance after failing to reclaim the 1H EMA21.
Entry: $511.00-$519.00
Stoploss: $525.50
Targets: $503.00 / $490.00 / $470.00
ZEC is showing signs of distribution after tapping into the 1H supply at 511.88. Sellers are aggressive with taker sell volume dominating, suggesting smart money is offloading here. Open Interest is bleeding as price struggles, trapping retail longs who bought the small bounce. The BB squeeze is building, setting up for a potential downside expansion. Reclaim $525.50, short voided.
Trade $ZEC here 👇