Will $ZEC really drop back below $1,200 after that crazy surge? 👀
I think YES! And that’s why I’m opening a BIG SHORT position on $ZEC here.
TP: $1,178.8
SL: $1,334.6 👇🏻
Look at what happened. ZEC surged to nearly $1,325, but instead of continuing upward, the price was pushed back from an important sell zone.
And that caught my attention. At first, the breakout looked strong, but the buyers couldn’t sustain the momentum, and now the price is slipping below $1,300. In my view, this is starting to look like a false breakout. If sellers keep applying pressure from here, I think all the late buyers could get trapped, and we could see another sharp drop toward $1,178.
A few hours ago, everyone was chasing the rally. Now I’m choosing the opposite side. 😂
Let’s see if $ZEC surprises everyone with another sharp crash!
I think YES! And that’s why I’m opening a BIG SHORT position on $ZEC here.
TP: $1,178.8
SL: $1,334.6 👇🏻
Look at what happened. ZEC surged to nearly $1,325, but instead of continuing upward, the price was pushed back from an important sell zone.
And that caught my attention. At first, the breakout looked strong, but the buyers couldn’t sustain the momentum, and now the price is slipping below $1,300. In my view, this is starting to look like a false breakout. If sellers keep applying pressure from here, I think all the late buyers could get trapped, and we could see another sharp drop toward $1,178.
A few hours ago, everyone was chasing the rally. Now I’m choosing the opposite side. 😂
Let’s see if $ZEC surprises everyone with another sharp crash!
