#BitcoinOptionsVolatilityHitsFiveYearLow
*ZECUSDT SHORT SETUP - Bearish Momentum Continues*
*Chart Analysis (1H):*
Price dumped from $1,348.89 to $1,206.22 (-2.11%). Trading below all EMAs: EMA(7) $1,238.04, EMA(25) $1,263.03, EMA(99) $1,257.48. Sellers in full control. RSI(6) at 15.39 - Extremely Oversold, a small bounce is expected before next leg down. $1,246 level is now acting as resistance.
*Short Plan:*
*Entry Zone: $1,220 - $1,245*
Don't short at market now. Wait for a dead-cat bounce to $1,230 area.
*Stop Loss: $1,268* (Above EMA 25)
*Targets:*
TP1: $1,186.45 (24h Low)
TP2: $1,150
Use low leverage 3x-5x and must use Stop-Loss.
_This is not financial advice. DYOR._
*ZECUSDT SHORT SETUP - Bearish Momentum Continues*
*Chart Analysis (1H):*
Price dumped from $1,348.89 to $1,206.22 (-2.11%). Trading below all EMAs: EMA(7) $1,238.04, EMA(25) $1,263.03, EMA(99) $1,257.48. Sellers in full control. RSI(6) at 15.39 - Extremely Oversold, a small bounce is expected before next leg down. $1,246 level is now acting as resistance.
*Short Plan:*
*Entry Zone: $1,220 - $1,245*
Don't short at market now. Wait for a dead-cat bounce to $1,230 area.
*Stop Loss: $1,268* (Above EMA 25)
*Targets:*
TP1: $1,186.45 (24h Low)
TP2: $1,150
Use low leverage 3x-5x and must use Stop-Loss.
_This is not financial advice. DYOR._