🔴 $ZEC 4H SHORT
Zone of interest $1540 – $1578
Idea invalidation level $1628
Targets $1502 / $1460 / $1408
Following a sharp decline, ZEC finds itself near a critical demand zone. A rebound into the supply zone could become the very trap after which the downward movement sharply accelerates. The current background also shows fading futures momentum and a drop in Open Interest.
Are you opening a Short on the retest or waiting for support breakdown confirmation? Share your thoughts in the comments 👇
Not financial advice. DYOR.
#Binance #Crypto #Trading #TechnicalAnalysis #DYOR
🔴 $ZEC
Zone of interest $1540 – $1578
Idea invalidation level $1628
Targets $1502 / $1460 / $1408
Following a sharp decline, ZEC finds itself near a critical demand zone. A rebound into the supply zone could become the very trap after which the downward movement sharply accelerates. The current background also shows fading futures momentum and a drop in Open Interest.
Are you opening a Short on the retest or waiting for support breakdown confirmation? Share your thoughts in the comments 👇
Not financial advice. DYOR.
#Binance #Crypto #Trading #TechnicalAnalysis #DYOR
🔴 $ZEC