The real breakout often comes after confirmation. $ZEC Right now, prices on both the 4-hour and 1-hour charts are below the moving averages, and the bearish alignment is already in place. This isn't about guessing the direction—the structure is speaking for itself. I'm watching the pullback into the previous congestion zone: the moving averages are stacked overhead, and if rebound volume can't keep up, that's where the bears can press their advantage. The 15-minute ADX reading shows sellers still controlling the pace, while the RSI isn't oversold yet, leaving room to move lower.
As long as the key level holds, the short setup remains valid; if price reclaims it, that's when the setup is invalidated. At a level like this, I'd rather wait for confirmation than chase the move.
🔴 Trade direction: Short
📍 Entry range: 1154.68 – 1157.90
🛑 Stop loss: 1193.99
🎯 Take profit 1: 1128.01
🎯 Take profit 2: 1109.16
🎯 Take profit 3: 1080.88
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 👇
As long as the key level holds, the short setup remains valid; if price reclaims it, that's when the setup is invalidated. At a level like this, I'd rather wait for confirmation than chase the move.
🔴 Trade direction: Short
📍 Entry range: 1154.68 – 1157.90
🛑 Stop loss: 1193.99
🎯 Take profit 1: 1128.01
🎯 Take profit 2: 1109.16
🎯 Take profit 3: 1080.88
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 👇