The previous LAB strategy successfully took profits, and the market structure played out quite textbook-perfectly. The final signal is here: the one-hour moving average structure for $ZEC has broken down, with price below EMA50 and EMA200 and a clear bearish alignment. In this setup, a rebound looks more like an opportunity to position for a short than a trend reversal.
In terms of volume, the bulls are indeed struggling. There is some scattered buying support in the short term, but price has consistently failed to move back above the moving averages, indicating limited buying strength. The dense trading zone above is a natural resistance band. If price rebounds there, I’d favor a move lower in line with the trend. The previous low area below is the first target to watch. Until the structure recovers, the bearish outlook remains unchanged.
🔴 Trade direction: Short
📍 Entry range: 1154.65 – 1158.87
🛑 Stop loss: 1199.93
🎯 Take profit 1: 1124.39
🎯 Take profit 2: 1102.80
🎯 Take profit 3: 1070.43
Take in the vastness of mountains and seas; observe the market’s finer details.
Walk alongside Uncle Xiong and witness the gains and losses of the world.
#ZEC
Click below to trade 👇
In terms of volume, the bulls are indeed struggling. There is some scattered buying support in the short term, but price has consistently failed to move back above the moving averages, indicating limited buying strength. The dense trading zone above is a natural resistance band. If price rebounds there, I’d favor a move lower in line with the trend. The previous low area below is the first target to watch. Until the structure recovers, the bearish outlook remains unchanged.
🔴 Trade direction: Short
📍 Entry range: 1154.65 – 1158.87
🛑 Stop loss: 1199.93
🎯 Take profit 1: 1124.39
🎯 Take profit 2: 1102.80
🎯 Take profit 3: 1070.43
Take in the vastness of mountains and seas; observe the market’s finer details.
Walk alongside Uncle Xiong and witness the gains and losses of the world.
#ZEC
Click below to trade 👇