$ZEC When it bounces back to the old sell zone, I’ll look for a short—I won’t chase it.
⚡ 🔴 SHORT $ZEC | SCALP M5 12/11 | R:R up to 1:1.1 | Pending order
This is a 5-minute scalp setup on $ZEC . Price is at 1,002 USDT, just below the zone where I want to sell. So I’m placing a pending order and letting price come to me—not jumping in to chase it.
🔹 $ZEC | 1,002 USDT | SHORT (expecting the price to fall)
📊 Scalp trade. Reason: a bearish Order Block zone on M5, where selling pressure previously pushed price down. The H4 trend is down, and M15 is also down, so the lower timeframes are leaning in the same direction.
🟢 Entry: 1,006 - 1,012
🔴 SL: 1,083 (+7.3%), based on the average daily range (ADR)
🎯 TP1: 929.89 (-7.9%) | R:R 1:1.1
⏰ Valid until: 02:27 12/11 (UTC+7) if not filled
If it fills, hold until TP or SL; don’t close just because time is up. It’s estimated to take ~8 hours to reach TP, so patience is needed.
I’ve screened this setup in advance: it aligns with the main H4 trend, and the latest H1/H4/D1 candles don’t show strong momentum in the opposite direction.
⚠️ A couple of things need to be said plainly. This trade goes against the D1 trend, so use only a small position size. Also, the Elliott wave count on H1 (for reference only) suggests the 5-wave decline may be complete. An upward ABC correction often follows, so it’s all the more reason not to chase price in the previous direction.
🔗 90-day correlation with BTC: 0.54, beta 1.7. ZEC moves fairly closely with BTC, so keep an eye out for sharp BTC moves.
❌ Skip the trade if any of the following happens:
- Price hits TP1 929.89 before the pending order zone is filled.
- Price hits SL 1,083.
- It’s past 02:27 12/11 and the order hasn’t filled.
🛡 Position sizing: assuming an account of 1,000 USDT and a risk tolerance of 0.5% = 5 USDT. With the SL 7.28% from the midpoint of the entry zone, the position value would be about 69 USDT, excluding fees and slippage. Don’t use high leverage.
Posted at 01:52 12/11 (UTC+7). This is a conditional plan and hasn’t been validated against historical data. I’m just sharing my perspective, not investment advice.
Do you think the ABC bounce will come first, or will ZEC keep falling toward TP?
#ZEC #BTC #Scalping #Layer1 #AxionNews
⚡ 🔴 SHORT $ZEC | SCALP M5 12/11 | R:R up to 1:1.1 | Pending order
This is a 5-minute scalp setup on $ZEC . Price is at 1,002 USDT, just below the zone where I want to sell. So I’m placing a pending order and letting price come to me—not jumping in to chase it.
🔹 $ZEC | 1,002 USDT | SHORT (expecting the price to fall)
📊 Scalp trade. Reason: a bearish Order Block zone on M5, where selling pressure previously pushed price down. The H4 trend is down, and M15 is also down, so the lower timeframes are leaning in the same direction.
🟢 Entry: 1,006 - 1,012
🔴 SL: 1,083 (+7.3%), based on the average daily range (ADR)
🎯 TP1: 929.89 (-7.9%) | R:R 1:1.1
⏰ Valid until: 02:27 12/11 (UTC+7) if not filled
If it fills, hold until TP or SL; don’t close just because time is up. It’s estimated to take ~8 hours to reach TP, so patience is needed.
I’ve screened this setup in advance: it aligns with the main H4 trend, and the latest H1/H4/D1 candles don’t show strong momentum in the opposite direction.
⚠️ A couple of things need to be said plainly. This trade goes against the D1 trend, so use only a small position size. Also, the Elliott wave count on H1 (for reference only) suggests the 5-wave decline may be complete. An upward ABC correction often follows, so it’s all the more reason not to chase price in the previous direction.
🔗 90-day correlation with BTC: 0.54, beta 1.7. ZEC moves fairly closely with BTC, so keep an eye out for sharp BTC moves.
❌ Skip the trade if any of the following happens:
- Price hits TP1 929.89 before the pending order zone is filled.
- Price hits SL 1,083.
- It’s past 02:27 12/11 and the order hasn’t filled.
🛡 Position sizing: assuming an account of 1,000 USDT and a risk tolerance of 0.5% = 5 USDT. With the SL 7.28% from the midpoint of the entry zone, the position value would be about 69 USDT, excluding fees and slippage. Don’t use high leverage.
Posted at 01:52 12/11 (UTC+7). This is a conditional plan and hasn’t been validated against historical data. I’m just sharing my perspective, not investment advice.
Do you think the ABC bounce will come first, or will ZEC keep falling toward TP?
#ZEC #BTC #Scalping #Layer1 #AxionNews
