Guys, I’m going to open a BIG SHORT on $ZEC here.
TP: $1,108
SL: $1,271 👇🏻
Because $ZEC has already tried to push higher a few times, but every move keeps getting rejected and price still isn’t showing clean strength.
At the same time, a lot of late buyers have entered after the pump, while a heavy liquidity area is still sitting much lower right around where my target is.
For me, that makes the setup simple:
weak hold at the top, late buyers trapped, liquidity below.
I don’t think this move has enough strength left to keep pumping cleanly.
Now I’m watching for the downside.
TP: $1,108
SL: $1,271 👇🏻
Because $ZEC has already tried to push higher a few times, but every move keeps getting rejected and price still isn’t showing clean strength.
At the same time, a lot of late buyers have entered after the pump, while a heavy liquidity area is still sitting much lower right around where my target is.
For me, that makes the setup simple:
weak hold at the top, late buyers trapped, liquidity below.
I don’t think this move has enough strength left to keep pumping cleanly.
Now I’m watching for the downside.