$ZEC — Short Setup
Bias: Bearish while price stays below **1,245∗∗.1,245∗∗.ZEC is already showing weakness, with a potential head-and-shoulders forming. CPI could be the key driver for altcoins today.
Trade:
Entry: $1,170 – $1,230
SL: $1,245
TP: $1,135 – $1,090
Plan:
If the broader market reacts negatively to CPI, ZEC could cool off further toward trendline support around $1,150–$1,135.
A 6H close below both support trendlines would be the first real warning.
If the reclaim attempt fails after that, I’d watch $1,090–$1,050 next.
Lose that zone, and $1,020 comes into play if selling pressure continues.
Invalidation: A 6H close/reclaim above $1,245 weakens the bearish setup.
Watching how price reacts after CPI. No need to jump ahead of confirmation. DYOR.
#trader
Bias: Bearish while price stays below **1,245∗∗.1,245∗∗.ZEC is already showing weakness, with a potential head-and-shoulders forming. CPI could be the key driver for altcoins today.
Trade:
Entry: $1,170 – $1,230
SL: $1,245
TP: $1,135 – $1,090
Plan:
If the broader market reacts negatively to CPI, ZEC could cool off further toward trendline support around $1,150–$1,135.
A 6H close below both support trendlines would be the first real warning.
If the reclaim attempt fails after that, I’d watch $1,090–$1,050 next.
Lose that zone, and $1,020 comes into play if selling pressure continues.
Invalidation: A 6H close/reclaim above $1,245 weakens the bearish setup.
Watching how price reacts after CPI. No need to jump ahead of confirmation. DYOR.
#trader