$ZEC mi entry at 990 I thought it was his roof based on the indicators but the market does its thing
I had my liquidation at 1900 and I kept averaging into my entry; for now it’s set up to catch a slight rebound, but if you’re going to go Long at this point, place SL at $1059. For Short, I would exceed that rebound according to its moving averages—entry at $1140 to reach its support at $990. There my target TP is $999.
From how the chart is going, there are 2 likely scenarios:
1-It stays sideways between 1060 and 1075.
2-Slight technical rebound due to its RSI in extreme oversold conditions up to 1140, followed by a drop because it doesn’t have the strength to keep going up for now
I had my liquidation at 1900 and I kept averaging into my entry; for now it’s set up to catch a slight rebound, but if you’re going to go Long at this point, place SL at $1059. For Short, I would exceed that rebound according to its moving averages—entry at $1140 to reach its support at $990. There my target TP is $999.
From how the chart is going, there are 2 likely scenarios:
1-It stays sideways between 1060 and 1075.
2-Slight technical rebound due to its RSI in extreme oversold conditions up to 1140, followed by a drop because it doesn’t have the strength to keep going up for now
