$ZEC: High Volume Selling Sweep Breaks $ZEC Market Structure
SHORT SETUP ZEC
Entry: $1335.60 - $1337.50
Stop Loss: $1390.01
Take Profit: $1229.63 (2R)
Key Levels: Support $1333.97 | Resistance $1341.59
Technical Analysis for $ZEC: Price sits near the 9EMA and the upper Bollinger band, while MACD is below its signal, indicating a potential pullback. The best ask at 1337.36 suggests shortside pressure. A short entry around 1336 with SL near 1360 (3.5% above) and TP at 1287 (2R) aligns with the 1H swing structure. Watch for a bounce above 1341.59 as a risk.
Market Context: BTC is in a bullish 4H trend but the broader market remains negative, which could support a short move in ZEC.
SHORT $ZEC
SHORT SETUP ZEC
Entry: $1335.60 - $1337.50
Stop Loss: $1390.01
Take Profit: $1229.63 (2R)
Key Levels: Support $1333.97 | Resistance $1341.59
Technical Analysis for $ZEC: Price sits near the 9EMA and the upper Bollinger band, while MACD is below its signal, indicating a potential pullback. The best ask at 1337.36 suggests shortside pressure. A short entry around 1336 with SL near 1360 (3.5% above) and TP at 1287 (2R) aligns with the 1H swing structure. Watch for a bounce above 1341.59 as a risk.
Market Context: BTC is in a bullish 4H trend but the broader market remains negative, which could support a short move in ZEC.
SHORT $ZEC
