Guys, I’m opening a BIG SHORT on $ZEC here.
TP: $1,258
SL: $1,350 👇🏻
$ZEC Price has pushed into the area I was watching, and now the reaction is starting to look weak.
Around $1,325–$1,330, buyers are struggling to keep the move going, while selling pressure is starting to show.
If this rejection holds, late buyers up here can quickly turn into exit liquidity and the move down could get sharp.
I don’t want to wait for the dump to become obvious.
I’m taking the short here and looking for the move back toward $1,258.
TP: $1,258
SL: $1,350 👇🏻
$ZEC Price has pushed into the area I was watching, and now the reaction is starting to look weak.
Around $1,325–$1,330, buyers are struggling to keep the move going, while selling pressure is starting to show.
If this rejection holds, late buyers up here can quickly turn into exit liquidity and the move down could get sharp.
I don’t want to wait for the dump to become obvious.
I’m taking the short here and looking for the move back toward $1,258.
