$ZEC #ZEC 📉
Direction: SHORT
Entry zone: 1173.62 to 1178.32
Stop loss: 1193.61
Target 1: 1152.45
Target 2: 1134.81
Zcash is trading near 1,175.97 dollars, down 5.94 percent in 24 hours, after yesterday's long idea stopped out, inside a range of 1,159.76 to 1,247.42 dollars, and the recent closes show sellers in control, 1,165.75, then 1,169.36, then 1,165.89, then 1,172.68, then 1,175.97. 🔴 Yesterday I posted ZEC long from 1,255.14 to 1,260.18 with a stop at 1,238.80, and that stop is now hit, so the long idea is dead and I am honest about it. My reading now is that ZEC flipped from the strongest coin to the weakest, because it fell hardest today on 1.16 billion dollars of volume, and a coin that gives back its gains this fast usually keeps falling first. A short from the current zone, with a stop above 1,193.61, targets 1,152.45 first and then 1,134.81 if sellers keep pushing. A rise above 1,193.61 kills the idea without debate.
Futures trading is risky. Trade small, use a stop loss, and do your own research. This is my reading, not a guaranteed signal.
Does Zcash fall to 1,152.45 first, or bounce above 1,193.61? 🤔
Follow for more trades.
#Zcash #Crypto #FuturesTrading #TradingSignals
Direction: SHORT
Entry zone: 1173.62 to 1178.32
Stop loss: 1193.61
Target 1: 1152.45
Target 2: 1134.81
Zcash is trading near 1,175.97 dollars, down 5.94 percent in 24 hours, after yesterday's long idea stopped out, inside a range of 1,159.76 to 1,247.42 dollars, and the recent closes show sellers in control, 1,165.75, then 1,169.36, then 1,165.89, then 1,172.68, then 1,175.97. 🔴 Yesterday I posted ZEC long from 1,255.14 to 1,260.18 with a stop at 1,238.80, and that stop is now hit, so the long idea is dead and I am honest about it. My reading now is that ZEC flipped from the strongest coin to the weakest, because it fell hardest today on 1.16 billion dollars of volume, and a coin that gives back its gains this fast usually keeps falling first. A short from the current zone, with a stop above 1,193.61, targets 1,152.45 first and then 1,134.81 if sellers keep pushing. A rise above 1,193.61 kills the idea without debate.
Futures trading is risky. Trade small, use a stop loss, and do your own research. This is my reading, not a guaranteed signal.
Does Zcash fall to 1,152.45 first, or bounce above 1,193.61? 🤔
Follow for more trades.
#Zcash #Crypto #FuturesTrading #TradingSignals
