$ZEC /USDT market structure is worth watching
$ZEC - SHORT
Trade Plan:
Entry: 792.72 – 795.94
SL: 824.70
TP1: 771.55
TP2: 756.37
TP3: 733.59
Why this setup?
- The 1-day trend is bullish, but the 4h momentum has flipped negative with high conviction (87/100).
- The 15-minute RSI at 18.96 is deeply oversold—this is a classic setup for a short-term pullback, not a trend reversal.
- Price is hovering near 794.33, with immediate support at 792.72. A break below could open a path toward the 771–756 zone.
- My read: this is a healthy correction inside an uptrend, not a top signal. I'm watching for a clean 4h close below support to confirm the move.
- The invalidation level sits at 804.56—if price reclaims that, the bearish thesis weakens quickly.
My opinion:
This is my personal market read, not financial advice. Please do your own research and manage risk carefully.
Trade reference:
$ZEC - SHORT
Trade Plan:
Entry: 792.72 – 795.94
SL: 824.70
TP1: 771.55
TP2: 756.37
TP3: 733.59
Why this setup?
- The 1-day trend is bullish, but the 4h momentum has flipped negative with high conviction (87/100).
- The 15-minute RSI at 18.96 is deeply oversold—this is a classic setup for a short-term pullback, not a trend reversal.
- Price is hovering near 794.33, with immediate support at 792.72. A break below could open a path toward the 771–756 zone.
- My read: this is a healthy correction inside an uptrend, not a top signal. I'm watching for a clean 4h close below support to confirm the move.
- The invalidation level sits at 804.56—if price reclaims that, the bearish thesis weakens quickly.
My opinion:
This is my personal market read, not financial advice. Please do your own research and manage risk carefully.
Trade reference:
