Long upper wick = failed breakout.
🔴 $ZEC - SHORT
Trade Plan:
Current Price: ~1.304
Entry Zone: 1.315 – 1.365
SL: 1.415
TP1: 1.245
TP2: 1.190
TP3: 1.120
ZEC spiked to 1,397 and was instantly rejected back to 1,304, leaving a long upper wick that marks 1,315–1,365 as failed-breakout supply. Price is now a lower high beneath 1,397 and the 4H EMA20 at 1,310 is rolling over as resistance. Volume profile shows the heaviest node at 1,300–1,380 — chasers are trapped and supply every bounce. OI fell nearly 5% during the pump, confirming short-covering, not demand.
Fading the 1,315–1,365 retest or waiting for 1,245?
Click below for trade 👇
DYOR & manage risk!
$ZEC
🔴 $ZEC - SHORT
Trade Plan:
Current Price: ~1.304
Entry Zone: 1.315 – 1.365
SL: 1.415
TP1: 1.245
TP2: 1.190
TP3: 1.120
ZEC spiked to 1,397 and was instantly rejected back to 1,304, leaving a long upper wick that marks 1,315–1,365 as failed-breakout supply. Price is now a lower high beneath 1,397 and the 4H EMA20 at 1,310 is rolling over as resistance. Volume profile shows the heaviest node at 1,300–1,380 — chasers are trapped and supply every bounce. OI fell nearly 5% during the pump, confirming short-covering, not demand.
Fading the 1,315–1,365 retest or waiting for 1,245?
Click below for trade 👇
DYOR & manage risk!
$ZEC
