The SOL strategy structure shared earlier played out, and this round’s profits are already secured. Accumulation has emerged, but the chart at $ZEC is sending the opposite signal—the 4-hour and 1-hour moving-average clusters are both acting as resistance, and price can’t even reclaim them on a bounce. In this setup, I would only consider short positions. The 15-minute ADX reading is elevated, indicating that selling pressure is active, rather than a low-volume drift downward.
The RSI is indeed deeply oversold, so a bounce could happen at any moment. But if price can’t break above the moving averages, it’s only a weak recovery and doesn’t change the direction. With support broken, there’s room for further downside. I’d rather wait for a bounce into the resistance zone before entering than chase the price lower.
🔴 Trade direction: Short
📍 Entry range: 1141.66 – 1148.38
🛑 Stop loss: 1231.26
🎯 Take profit 1: 1080.34
🎯 Take profit 2: 1037.22
🎯 Take profit 3: 972.54
Take in the vastness of mountains and seas; observe the market’s finer details.
Trade alongside Uncle Xiong, and witness the gains and losses of the world.
#ZEC
Click below to trade 👇
The RSI is indeed deeply oversold, so a bounce could happen at any moment. But if price can’t break above the moving averages, it’s only a weak recovery and doesn’t change the direction. With support broken, there’s room for further downside. I’d rather wait for a bounce into the resistance zone before entering than chase the price lower.
🔴 Trade direction: Short
📍 Entry range: 1141.66 – 1148.38
🛑 Stop loss: 1231.26
🎯 Take profit 1: 1080.34
🎯 Take profit 2: 1037.22
🎯 Take profit 3: 972.54
Take in the vastness of mountains and seas; observe the market’s finer details.
Trade alongside Uncle Xiong, and witness the gains and losses of the world.
#ZEC
Click below to trade 👇