đ» ZECUSDT â Bearish Move Loading?
ZEC couldnât maintain its momentum near the 1360â1370 zone and has now pulled back sharply. With sellers stepping in aggressively, the current price action suggests that another downside move could develop if the recovery remains weak.
Entry: 1317.21
Target: 1288.78
Stop Loss: 1332.75
Iâm watching the 1317 area closely. A rejection from here could open the way toward 1288.78, while a strong move above 1332.75 would change the setup completely.
My Take: The short side looks more interesting to me at the moment, but Iâd rather wait for a clean rejection than rush into the trade.
If youâre taking this trade, manage your risk and donât over-leverage.
$ZEC
$NMR
$ORCA
ZEC couldnât maintain its momentum near the 1360â1370 zone and has now pulled back sharply. With sellers stepping in aggressively, the current price action suggests that another downside move could develop if the recovery remains weak.
Entry: 1317.21
Target: 1288.78
Stop Loss: 1332.75
Iâm watching the 1317 area closely. A rejection from here could open the way toward 1288.78, while a strong move above 1332.75 would change the setup completely.
My Take: The short side looks more interesting to me at the moment, but Iâd rather wait for a clean rejection than rush into the trade.
If youâre taking this trade, manage your risk and donât over-leverage.
$ZEC
$NMR
$ORCA