โ ๏ธ $ZEC trades above all moving averages EMA on the 4H timeframe
$ZEC/USDT ๐ข Buy bias (LONG) ยท alignment of 5 out of 12 signals
โ ๏ธ The signal is still preliminary: 7 out of 12 signals are not decided yet, so itโs better to be cautious and not over-commit with trade size.
๐ What supports the bullish move:
โ Daily timeframe: Price > EMA50 > EMA200
โ 4H timeframe: Price > EMA50 > EMA200
โ 1H timeframe: Price > EMA50 > EMA200
โ BTC trend is bullish, with a correlation of 0.75
There is currently no clear signal working against the bullish scenario.
๐ก Why the buy bias even though it matches only 5/12?
Because the trends on the Daily, 4H, and 1H timeframes show a bullish structure, while BTC remains positive and the correlation is at 0.75.
๐ฏ Trading plan:
๐ Entry: 1541.43 โ 1547.63
๐ Stop loss: 1475.41
๐ฏ TP1: 1596.37
๐ฏ TP2: 1630.94
๐ฏ TP3: 1682.78
โ A close below 1475.41 weakens the scenario, while the further invalidation level is at 1434.21.
๐ Your question:
If you entered this trade, where would you place your stop loss level?
$ZEC #Zcash #Crypto #Trading
$ZEC/USDT ๐ข Buy bias (LONG) ยท alignment of 5 out of 12 signals
โ ๏ธ The signal is still preliminary: 7 out of 12 signals are not decided yet, so itโs better to be cautious and not over-commit with trade size.
๐ What supports the bullish move:
โ Daily timeframe: Price > EMA50 > EMA200
โ 4H timeframe: Price > EMA50 > EMA200
โ 1H timeframe: Price > EMA50 > EMA200
โ BTC trend is bullish, with a correlation of 0.75
There is currently no clear signal working against the bullish scenario.
๐ก Why the buy bias even though it matches only 5/12?
Because the trends on the Daily, 4H, and 1H timeframes show a bullish structure, while BTC remains positive and the correlation is at 0.75.
๐ฏ Trading plan:
๐ Entry: 1541.43 โ 1547.63
๐ Stop loss: 1475.41
๐ฏ TP1: 1596.37
๐ฏ TP2: 1630.94
๐ฏ TP3: 1682.78
โ A close below 1475.41 weakens the scenario, while the further invalidation level is at 1434.21.
๐ Your question:
If you entered this trade, where would you place your stop loss level?
$ZEC #Zcash #Crypto #Trading

