$ZEC still open big short it, big profit coming later
entry 1220-1250
sl 1280
tp 1190-1150
Short $ZEC ๐
Iโm watching the structure on $ZEC very closely here.
If the right shoulder develops somewhere close to what Iโve sketched out, then a break below the neckline would be the confirmation Iโm looking for.
Worth paying attention to this one, because the last major drop from a topping structure on Zcash back in early June also came from a Head and Shoulders pattern.
The measured move from this setup would put $ZEC around the $700 area Iโve mentioned before, if the pattern fully plays out.
Not saying itโs guaranteed. Just a scenario worth keeping on the radar.
entry 1220-1250
sl 1280
tp 1190-1150
Short $ZEC ๐
Iโm watching the structure on $ZEC very closely here.
If the right shoulder develops somewhere close to what Iโve sketched out, then a break below the neckline would be the confirmation Iโm looking for.
Worth paying attention to this one, because the last major drop from a topping structure on Zcash back in early June also came from a Head and Shoulders pattern.
The measured move from this setup would put $ZEC around the $700 area Iโve mentioned before, if the pattern fully plays out.
Not saying itโs guaranteed. Just a scenario worth keeping on the radar.