The ZEC setup I shared earlier played out as expected, and we’ve already locked in the profit. A high risk-reward window is opening up: the daily-to-four-hour moving averages around $HEMI are tightly aligned, and the bearish alignment has remained intact. Each rebound high is lower than the last, and volume hasn’t followed through. In this kind of setup, chasing longs offers very poor value.
I’m watching for a rebound into the previous congestion zone. If price gets there, it’ll run into layers of trapped buyers overhead, while the downside is relatively clear. Its relative strength against BTC is the only reason I’m holding back a little, so keep your position size small and your stop firm. If the structure breaks, accept the loss. If it really drops, the first target is just an appetizer—the key is not to lose patience getting chopped up in the range.
🔴 Trade direction: Short
📍 Entry range: 0.0053072 – 0.0053176
🛑 Stop loss: 0.0054384
🎯 Take profit 1: 0.0052180
🎯 Take profit 2: 0.0051550
🎯 Take profit 3: 0.0050606
Take in the vastness of mountains and seas; observe the market’s finer details.
Trade alongside Uncle Xiong, and witness the ups and downs of the world.
#HEMI
Click below to trade 👇
I’m watching for a rebound into the previous congestion zone. If price gets there, it’ll run into layers of trapped buyers overhead, while the downside is relatively clear. Its relative strength against BTC is the only reason I’m holding back a little, so keep your position size small and your stop firm. If the structure breaks, accept the loss. If it really drops, the first target is just an appetizer—the key is not to lose patience getting chopped up in the range.
🔴 Trade direction: Short
📍 Entry range: 0.0053072 – 0.0053176
🛑 Stop loss: 0.0054384
🎯 Take profit 1: 0.0052180
🎯 Take profit 2: 0.0051550
🎯 Take profit 3: 0.0050606
Take in the vastness of mountains and seas; observe the market’s finer details.
Trade alongside Uncle Xiong, and witness the ups and downs of the world.
#HEMI
Click below to trade 👇