โ๐ ZECUSDT Continues to Plunge, Time to Open a Short? Be Patient First, Bro! ๐
โTechnically (TF 15m), ZEC is indeed being battered and is in a severe downtrend below the MA25 & MA99 lines. But hey, donโt just FOMO-hit the Sell button right now! Why?
โRSI has just started crawling out of oversold territory (sell exhaustion). Think of a rubber ball after being slammed to the floorโthereโs still potential to bounce back up first (dead cat bounce). ๐โโฌ๐ฅ
โโ ๏ธ Watch Out for the Batman Trap (Short Squeeze):
Most traders are opening short positions, but spot buyers are being quietly aggressive at accumulating. If you force a short at the lower current peak price, your position is at risk of being forcibly โpicked upโ โ aka getting liquidated by the market maker!
โ๐ง Smart Trader Setup (Sell on Bounce):
Letโs be elegant: wait for the price to take a short breath before we cast our net.
โ๐ฃ Net Entry: USD 1,200 - 1,210 (Wait for the price to test resistance at MA25).
โ๐ฐ Profit Targets (TP): USD 1,156 (testing the 24-hour gap) and USD 1,064 for the greedier target.
โ๐ Safety Belt (SL): USD 1,240. Never trade without an SLโunless youโre willing to donate your capital to the market!
โManage discipline: keep max margin only 1โ2%, donโt go all-in like youโre drunk. Stay safe, and may you profit! ๐ธ
$ZEC #ZECUSDT #ShortSqueeze #ShortSignal