$ZEC is in a clear downtrend. Since the price has already fallen considerably and is now near the old support zone (1145 - 1112), shorting at the current price of 1169 carries a high risk. A safer approach is to wait for a small rebound to resistance before entering.
The price is trading below EMA9 (1200) and EMA21 (1250), maintaining a medium-term bearish outlook.
$ZEC Short Setup
· Short entry: 1180 - 1200 (EMA resistance zone)
· Stop-loss: Above 1240
· TP1: 1145 (recent 1-hour low)
· TP2: 1112 (key 4-hour low)
· TP3: 1080 (psychological support)
Support me by trading here 👇#zec #zcash
The price is trading below EMA9 (1200) and EMA21 (1250), maintaining a medium-term bearish outlook.
$ZEC Short Setup
· Short entry: 1180 - 1200 (EMA resistance zone)
· Stop-loss: Above 1240
· TP1: 1145 (recent 1-hour low)
· TP2: 1112 (key 4-hour low)
· TP3: 1080 (psychological support)
Support me by trading here 👇#zec #zcash