🚨 $ZEC /#USDT Short Trade Setup | Resistance Rejection & Downside Target 📉
Zcash ($ZEC ) is showing clear signs of weakness on the 1-Hour chart following a fakeout above the resistance zone.
🔍 Technical Analysis:
• Price got rejected near $1,679 and broke back below the key red horizontal zone ($1,570 - $1,600).
• Current structure indicates a classic distribution pattern pointing towards a breakdown.
📊 Trade Setup (Short):
• Entry Zone: $1,550.00 – $1,565.00
• Target 1 (TP1): $1,504.95
• Target 2 (TP2): $1,387.46
• Target 3 (TP3): $1,269.97
• Stop Loss (SL): $1,595.00
⚠️ Risk Management:
• Keep leverage low (3x–5x).
• Move SL to entry price once TP1 is reached to secure a risk-free trade.
What are your thoughts on $ZEC ? Drop your predictions below! 👇
#ZEC/USDT #BinanceSquare #Tecnicalanalaysis #FutureTarding
Zcash ($ZEC ) is showing clear signs of weakness on the 1-Hour chart following a fakeout above the resistance zone.
🔍 Technical Analysis:
• Price got rejected near $1,679 and broke back below the key red horizontal zone ($1,570 - $1,600).
• Current structure indicates a classic distribution pattern pointing towards a breakdown.
📊 Trade Setup (Short):
• Entry Zone: $1,550.00 – $1,565.00
• Target 1 (TP1): $1,504.95
• Target 2 (TP2): $1,387.46
• Target 3 (TP3): $1,269.97
• Stop Loss (SL): $1,595.00
⚠️ Risk Management:
• Keep leverage low (3x–5x).
• Move SL to entry price once TP1 is reached to secure a risk-free trade.
What are your thoughts on $ZEC ? Drop your predictions below! 👇
#ZEC/USDT #BinanceSquare #Tecnicalanalaysis #FutureTarding
