$ZEC
Setup 1: BUY / LONG (Main Setup, for a Rebound)
Setup Level
Buy Entry 1 980 - 990 (current price, scale in with a small amount only, as it is still at risk of breaking down)
Buy Entry 2 (ideal) 952 - 960 (4H Lower Bollinger Band + 24-hour low, strongest support)
Stop Loss 939,18 (below the low shown on the chart; if it breaks down, the price could continue dumping to 900)
Take Profit 1 1.051,62 (1H Lower Bollinger Band, where the price broke down earlier)
Take Profit 2 1.142,42 (4H Middle Bollinger Band)
Take Profit 3 1.199,91 (24-hour high)
Risk : Reward Around 1 : 3,5 if entering at 960
Condition: This setup is for a quick rebound, not a long-term hold. The 7-day trend is still -18% and MACD is still negative. Take TP1 and TP2 only; don't get greedy and aim for TP3 without confirmation.
Setup 2: SELL / SHORT (Only If Support Breaks)
Don't short at the current price; it is already too oversold.
Setup Level
Sell Entry 952 - 960 if the 4H candle closes below 952 (breakdown confirmation)
Stop Loss 988 (above the current price; if it moves back above this level, it means a false breakdown)
Take Profit 1 939,18
Take Profit 2 900,00 (psychological level)
Risk : Reward Around 1 : 1,5
Required condition: This short is only valid if there is a 4H close below 952. If the price bounces from 952 and forms a long green 1H candle, cancel the short and continue with a long using Setup 1 instead. DYOR
#ZEC #ZECUSDT #Zcash
Setup 1: BUY / LONG (Main Setup, for a Rebound)
Setup Level
Buy Entry 1 980 - 990 (current price, scale in with a small amount only, as it is still at risk of breaking down)
Buy Entry 2 (ideal) 952 - 960 (4H Lower Bollinger Band + 24-hour low, strongest support)
Stop Loss 939,18 (below the low shown on the chart; if it breaks down, the price could continue dumping to 900)
Take Profit 1 1.051,62 (1H Lower Bollinger Band, where the price broke down earlier)
Take Profit 2 1.142,42 (4H Middle Bollinger Band)
Take Profit 3 1.199,91 (24-hour high)
Risk : Reward Around 1 : 3,5 if entering at 960
Condition: This setup is for a quick rebound, not a long-term hold. The 7-day trend is still -18% and MACD is still negative. Take TP1 and TP2 only; don't get greedy and aim for TP3 without confirmation.
Setup 2: SELL / SHORT (Only If Support Breaks)
Don't short at the current price; it is already too oversold.
Setup Level
Sell Entry 952 - 960 if the 4H candle closes below 952 (breakdown confirmation)
Stop Loss 988 (above the current price; if it moves back above this level, it means a false breakdown)
Take Profit 1 939,18
Take Profit 2 900,00 (psychological level)
Risk : Reward Around 1 : 1,5
Required condition: This short is only valid if there is a 4H close below 952. If the price bounces from 952 and forms a long green 1H candle, cancel the short and continue with a long using Setup 1 instead. DYOR
#ZEC #ZECUSDT #Zcash
