$ZEC Zcash has a neutral-bearish structure after repeatedly rejecting the upper daily Bollinger Band while RSI peaks descend. High trading activity without corresponding positive price progression supports the supplied distribution thesis. The setup favors a short scalp from the stated entry range, but traders must account for the possibility of an abrupt short squeeze if price moves above the invalidation level.
📈 Bias: Neutral-Bearish | 🎯 Entry: $32.80–$33.40 (Short Entry) | 🛡 Support: $29.80 | 🚧 Resistance: $33.90 | 🎯 Targets: $30.50 / $29.10 / $28.00 | ❌ Invalidation: Above $34.30
Strategy: Resistance rejection short scalp, using the supplied $33.90 resistance and $34.30 invalidation as the structural boundaries. Pasted text
#ZEC #Zcash #CryptoTrading #ShortSetup #BinanceSquare
📈 Bias: Neutral-Bearish | 🎯 Entry: $32.80–$33.40 (Short Entry) | 🛡 Support: $29.80 | 🚧 Resistance: $33.90 | 🎯 Targets: $30.50 / $29.10 / $28.00 | ❌ Invalidation: Above $34.30
Strategy: Resistance rejection short scalp, using the supplied $33.90 resistance and $34.30 invalidation as the structural boundaries. Pasted text
#ZEC #Zcash #CryptoTrading #ShortSetup #BinanceSquare