$ZEC is setting up for a short on the 1H.
I would only consider it inside 1,214.33–1,221.08, with 1,242.46 as the stop and 1,123.43 / 1,115.55 / 1,107.68 as exits.
On paper: 3.81R at TP1, 4.13R at TP2.
$ZEC at 1,201.44 is approaching the zone. Supporting it: 1H EMA20 below EMA50, 1H RSI 43.5 and ADX 30.9.
What is missing: momentum has not turned down on the 1H and volume is light (0.6x average).
$ZEC is 7.04% behind $BNB (-1.59%) on the day. $ICP, -8.29%, is tracking a similar path.
I would only consider it inside 1,214.33–1,221.08, with 1,242.46 as the stop and 1,123.43 / 1,115.55 / 1,107.68 as exits.
On paper: 3.81R at TP1, 4.13R at TP2.
$ZEC at 1,201.44 is approaching the zone. Supporting it: 1H EMA20 below EMA50, 1H RSI 43.5 and ADX 30.9.
What is missing: momentum has not turned down on the 1H and volume is light (0.6x average).
$ZEC is 7.04% behind $BNB (-1.59%) on the day. $ICP, -8.29%, is tracking a similar path.