You can check out $ZEC —maybe there really is a shorting opportunity 🤨
On the 4h timeframe, ZEC has a chance to form a double-top structure. Once the price officially breaks below the previous low, the structure can be considered confirmed.
Translating this into trading, focus on how the upcoming few 4h candles behave: whether they can decisively break through the support level at 1430 (a real body breaking below it) is the key for initiating a short; if ZEC plays out a 4h-level breakdown, then the first target could be around 1250.
NFA, DYOR!
On the 4h timeframe, ZEC has a chance to form a double-top structure. Once the price officially breaks below the previous low, the structure can be considered confirmed.
Translating this into trading, focus on how the upcoming few 4h candles behave: whether they can decisively break through the support level at 1430 (a real body breaking below it) is the key for initiating a short; if ZEC plays out a 4h-level breakdown, then the first target could be around 1250.
NFA, DYOR!
