The ETH strategy setup shared earlier played out, and we’ve already made a solid profit on this move. Opportunities to make easy money often hide pitfalls. The rebound at $ZEC has come on noticeably weak volume, and the four-hour chart structure remains bearish. Until price breaks above the moving-average resistance, I don’t believe there’s sustained buying support here.
The rally looks more like an opportunity for bears to add to their positions. The price-volume divergence is clear, and each rebound high is weaker than the last. If price gets rejected at the key resistance zone, it’s only a matter of time before the downside opens up.
🔴 Trade direction: Short
📍 Entry range: 1134.9 – 1179.9
🛑 Stop loss: 1195.9
🎯 Take profit 1: 1099.9
🎯 Take profit 2: 1040.0
Take in the vastness of mountains and seas; observe the market’s subtle shifts.
Join Uncle Xiong and witness the market’s gains and losses.
#ZEC
Click below to trade 👇
The rally looks more like an opportunity for bears to add to their positions. The price-volume divergence is clear, and each rebound high is weaker than the last. If price gets rejected at the key resistance zone, it’s only a matter of time before the downside opens up.
🔴 Trade direction: Short
📍 Entry range: 1134.9 – 1179.9
🛑 Stop loss: 1195.9
🎯 Take profit 1: 1099.9
🎯 Take profit 2: 1040.0
Take in the vastness of mountains and seas; observe the market’s subtle shifts.
Join Uncle Xiong and witness the market’s gains and losses.
#ZEC
Click below to trade 👇