$ZEC Short with confirmation
Chart analysis (4h)
Price: 1,097.80, with a clear downtrend (EMA7 < EMA25 < EMA99, all sloping downward).
24h low: 1,075 (immediate support). Below that: ~1,063 and ~948.
RSI(6) at 26.65: oversold. This is the point to watch: shorting now means entering after a sharp drop (-10%), with a risk of a bounce.
Scenario A: Short on the breakdown (safer)
Entry: 4h candle closes below 1,070
Stop Loss: 1,125 (above the EMA7 and the 1,100–1,125 zone)
TP1: 1,063
TP2: 1,000 (psychological level)
TP3: 948 (chart support)
Scenario B: Short the bounce (better risk/reward)
Wait for a bounce to 1,140–1,186 (EMA25 / resistance area)
Stop Loss: 1,215 (above the 24h high of 1,230, with some margin)
TP1: 1,097
TP2: 1,063
TP3: 1,000
Key points
With the RSI oversold, Scenario B tends to offer a better risk/reward ratio than shorting at market here.
Suggestion: take profit on ~40% at TP1 and 30% at TP2, and let the remaining 30% run to TP3, moving the stop to breakeven after TP1.
Risk no more than 1–2% of your account per trade and use low leverage. ZEC is highly volatile (the 24h high and low vary by ~12%).
Invalidation: a 4h close above 1,186 (EMA25) weakens the bearish outlook.
#zec $BTC
Chart analysis (4h)
Price: 1,097.80, with a clear downtrend (EMA7 < EMA25 < EMA99, all sloping downward).
24h low: 1,075 (immediate support). Below that: ~1,063 and ~948.
RSI(6) at 26.65: oversold. This is the point to watch: shorting now means entering after a sharp drop (-10%), with a risk of a bounce.
Scenario A: Short on the breakdown (safer)
Entry: 4h candle closes below 1,070
Stop Loss: 1,125 (above the EMA7 and the 1,100–1,125 zone)
TP1: 1,063
TP2: 1,000 (psychological level)
TP3: 948 (chart support)
Scenario B: Short the bounce (better risk/reward)
Wait for a bounce to 1,140–1,186 (EMA25 / resistance area)
Stop Loss: 1,215 (above the 24h high of 1,230, with some margin)
TP1: 1,097
TP2: 1,063
TP3: 1,000
Key points
With the RSI oversold, Scenario B tends to offer a better risk/reward ratio than shorting at market here.
Suggestion: take profit on ~40% at TP1 and 30% at TP2, and let the remaining 30% run to TP3, moving the stop to breakeven after TP1.
Risk no more than 1–2% of your account per trade and use low leverage. ZEC is highly volatile (the 24h high and low vary by ~12%).
Invalidation: a 4h close above 1,186 (EMA25) weakens the bearish outlook.
#zec $BTC