$ZEC short-term recovery within a downtrend
Currently it's testing previous structural breakdown level around 1225-1250
Open Interest is relatively flat during this upward grind, suggesting the move is largely driven by short covering rather than aggressive new long accumulation.
Immediate bias is neutral-to-bearish at this resistance level, with a high probability of a rejection or a fakeout before a true directional move
$ZEC SHORT SETUP
· Entry Short: 1225 - 1245 (current resistance)
· Stop Loss: above 1270
· Take Profit: 1190 and 1140
Support me just Trade here👇#zec #zcash
Currently it's testing previous structural breakdown level around 1225-1250
Open Interest is relatively flat during this upward grind, suggesting the move is largely driven by short covering rather than aggressive new long accumulation.
Immediate bias is neutral-to-bearish at this resistance level, with a high probability of a rejection or a fakeout before a true directional move
$ZEC SHORT SETUP
· Entry Short: 1225 - 1245 (current resistance)
· Stop Loss: above 1270
· Take Profit: 1190 and 1140
Support me just Trade here👇#zec #zcash