$ZEC - SHORT bias (x20)
On the higher timeframe, sellers hold the upper hand, pressing price beneath its key moving averages. They are also behind 56.3% of trades, and the hourly chart lines up with that lean, with 1209.6 as the line in question.
Trade plan:
Entry: 1209.6 - 1212.64
SL: 1227.6 (-1.3%)
TP: 1194 - 1181 - 1168 (+1.5-3.6%)
⚠️ Personal market insight, not investment advice. DYOR.
Keeping an eye on $FIL today.
On the higher timeframe, sellers hold the upper hand, pressing price beneath its key moving averages. They are also behind 56.3% of trades, and the hourly chart lines up with that lean, with 1209.6 as the line in question.
Trade plan:
Entry: 1209.6 - 1212.64
SL: 1227.6 (-1.3%)
TP: 1194 - 1181 - 1168 (+1.5-3.6%)
⚠️ Personal market insight, not investment advice. DYOR.
Keeping an eye on $FIL today.