The intraday ZEC short strategy played out as expected. After testing resistance near 1390, the price came under pressure and fell back, retracing all the way to 1181—a solid 200-point pullback. It weakened in tandem with the broader market!
Looking at the current chart, the daily uptrend stalled after the price surged higher, with clear resistance overhead. The MACD has turned down, bullish momentum continues to fade, and selling pressure at elevated levels is gradually being released. The larger-scale rally has come to an end, making rebounds opportunities to open short positions.
On the 4-hour chart, the price surged and then pulled back, falling below the Bollinger midline. The MACD shows increased volume, while buying support is weak; every rebound near the midline has met selling pressure.
On the 1-hour chart, the rebound is weak and highs are moving progressively lower. The KDJ has turned down from overbought territory, with bears in the short-term upper hand. Upside is limited, so don’t chase longs blindly. Focus on opening short positions around resistance!
Short ZEC near 1280–1300, targeting 1210–1150. If support breaks, follow the move down toward 1100–1030#币安将上线PREDICT现货交易 $ZEC
Looking at the current chart, the daily uptrend stalled after the price surged higher, with clear resistance overhead. The MACD has turned down, bullish momentum continues to fade, and selling pressure at elevated levels is gradually being released. The larger-scale rally has come to an end, making rebounds opportunities to open short positions.
On the 4-hour chart, the price surged and then pulled back, falling below the Bollinger midline. The MACD shows increased volume, while buying support is weak; every rebound near the midline has met selling pressure.
On the 1-hour chart, the rebound is weak and highs are moving progressively lower. The KDJ has turned down from overbought territory, with bears in the short-term upper hand. Upside is limited, so don’t chase longs blindly. Focus on opening short positions around resistance!
Short ZEC near 1280–1300, targeting 1210–1150. If support breaks, follow the move down toward 1100–1030#币安将上线PREDICT现货交易 $ZEC
