$ZEC has already made the major dump, and the chart is now showing a short-term recovery structure.
#ZEC sold off from the $1,210–$1,215 area and flushed down toward $1,110, where buyers clearly stepped in. Since that low, price has started printing higher lows and higher highs, with the latest move reclaiming the $1,140 area.
The important part is that sellers have not yet broken the new higher-low structure. So calling for an immediate short around $1,150 isn't the cleanest setup.
I’d rather wait for a controlled pullback into $1,138–$1,143. If that zone holds and buyers defend it, ZEC can attempt another push toward the $1,155 resistance, followed by the $1,165 breakdown area.
📌 Conditional LONG setup
Entry: $1,138–$1,143
🎯 TP1: $1,155
🎯 TP2: $1,165–$1,175
🛑 Invalidation: below $1,128
If ZEC loses $1,128 decisively, the current recovery structure is damaged and I’d cancel the long idea.
No FOMO. Don’t chase $1,150+. Let ZEC pull back, hold the zone, and confirm buyers are still there.
The bigger picture is still bearish after the breakdown, but the immediate 15M momentum is currently favoring a recovery not an automatic short. 👀
Trade here 👇
#trading #BinanceLaunchesBinanceIntelligence #FedMinutesFocusOnOctoberPause
#ZEC sold off from the $1,210–$1,215 area and flushed down toward $1,110, where buyers clearly stepped in. Since that low, price has started printing higher lows and higher highs, with the latest move reclaiming the $1,140 area.
The important part is that sellers have not yet broken the new higher-low structure. So calling for an immediate short around $1,150 isn't the cleanest setup.
I’d rather wait for a controlled pullback into $1,138–$1,143. If that zone holds and buyers defend it, ZEC can attempt another push toward the $1,155 resistance, followed by the $1,165 breakdown area.
📌 Conditional LONG setup
Entry: $1,138–$1,143
🎯 TP1: $1,155
🎯 TP2: $1,165–$1,175
🛑 Invalidation: below $1,128
If ZEC loses $1,128 decisively, the current recovery structure is damaged and I’d cancel the long idea.
No FOMO. Don’t chase $1,150+. Let ZEC pull back, hold the zone, and confirm buyers are still there.
The bigger picture is still bearish after the breakdown, but the immediate 15M momentum is currently favoring a recovery not an automatic short. 👀
Trade here 👇
#trading #BinanceLaunchesBinanceIntelligence #FedMinutesFocusOnOctoberPause