$ZEC 1H Outlook.
After a clean breakdown, I'm seeing a good potential selling opportunity here. I've marked my position, and if a strong or medium-sized red candle breaks below my marked line, it could create a nice short setup.
My Short Trade Plan:
Entry: 951.26 – 934.27
Targets:
- TP1: 866.90 (Main target)
- TP2: 773.13
Stop Loss: 1,024.23
My plan is to close 70% of the position at the first target and then move my stop loss to the entry point. I'll hold the remaining 30% for the second target.
If the trade moves in my favor, I'll trail my stop loss along the way. If the market moves against my position, I'll stick to my planned stop loss.
Let's see how the market moves. Waiting for confirmation before entry.
After a clean breakdown, I'm seeing a good potential selling opportunity here. I've marked my position, and if a strong or medium-sized red candle breaks below my marked line, it could create a nice short setup.
My Short Trade Plan:
Entry: 951.26 – 934.27
Targets:
- TP1: 866.90 (Main target)
- TP2: 773.13
Stop Loss: 1,024.23
My plan is to close 70% of the position at the first target and then move my stop loss to the entry point. I'll hold the remaining 30% for the second target.
If the trade moves in my favor, I'll trail my stop loss along the way. If the market moves against my position, I'll stick to my planned stop loss.
Let's see how the market moves. Waiting for confirmation before entry.
