I'M TRACKING A LARGE SHORT SETUP ON $ZEC.
ZEC peaked at 1,387.89, after which sellers took control. The price has continued to form lower highs, and the bounce from 1,236.65 was small and weak. Resistance is near 1,320.
Next move: A break below 1,236.65 would open the door to further downside.
The setup remains valid while the price stays below 1,320. A close above this level would invalidate the setup #zec
ZEC peaked at 1,387.89, after which sellers took control. The price has continued to form lower highs, and the bounce from 1,236.65 was small and weak. Resistance is near 1,320.
Next move: A break below 1,236.65 would open the door to further downside.
The setup remains valid while the price stays below 1,320. A close above this level would invalidate the setup #zec