Long $ZEC trading plan
$ZEC just swept down into the 783.21 support zone and is now pushing back upward within the range.
Entry: $775.00-$789.00
Stop loss: $745.00
Targets: $815.00 / $865.00 / $920.00
ZEC “wicked” (candle wick) below 783.21 on the 1H timeframe—a quick liquidity grab before the buyers step in. MACD is still trending down, but the BB width is contracting strongly, signaling that a squeeze is about to happen. Funding is neutral, but retail investors are placing Short orders at a ratio of 0.52 L/S, creating conditions for a fairly nice upside short squeeze. Losing $745.00 kills the Long thesis.
Trade $ZEC here 👇
$ZEC just swept down into the 783.21 support zone and is now pushing back upward within the range.
Entry: $775.00-$789.00
Stop loss: $745.00
Targets: $815.00 / $865.00 / $920.00
ZEC “wicked” (candle wick) below 783.21 on the 1H timeframe—a quick liquidity grab before the buyers step in. MACD is still trending down, but the BB width is contracting strongly, signaling that a squeeze is about to happen. Funding is neutral, but retail investors are placing Short orders at a ratio of 0.52 L/S, creating conditions for a fairly nice upside short squeeze. Losing $745.00 kills the Long thesis.
Trade $ZEC here 👇