$ZEC : SELLERS ARE STILL IN CONTROL. IS A LIQUIDITY SWEEP COMING NEXT?
ZEC is showing an interesting setup, but I am not convinced that buyers have regained control yet.
After a strong bearish impulsive move, price has entered a consolidation phase. However, the recovery so far looks more like a temporary retracement than a confirmed trend reversal.
My attention is now on the liquidity resting above the recent local highs around $1,162.
I expect price could first move upward to collect the available buy-side liquidity. This could trigger breakout traders' entries and short sellers' stop-losses.
But a liquidity sweep does not automatically mean a bullish reversal.
If price takes that liquidity and gets rejected, I will be looking for renewed selling pressure. My downside objective is around $1,100.
Trading signal: ZEC/USDT – SHORT
Entry: $1,158–$1,162
Stop Loss: $1,176.75
Take Profit 1: $1,140
Take Profit 2: $1,120
Final Target: $1,100.10
Invalidation: A sustained breakout and acceptance above $1,176.75 invalidates this bearish setup. If buyers reclaim this region, I will abandon the short idea and watch the FVG around $1,190–$1,228 as a potential upside destination.
My bias remains bearish as long as the resistance holds.
I am not interested in predicting every candle. I want to see how price reacts around liquidity and resistance before committing to the next move.
Sellers have the advantage for now, but confirmation is everything.
What's your take? Another leg down or a bullish reversal?
#ZEC #Zcash #CryptoTrading #TechnicalAnalysis #BinanceSquare
$ZEC
ZEC is showing an interesting setup, but I am not convinced that buyers have regained control yet.
After a strong bearish impulsive move, price has entered a consolidation phase. However, the recovery so far looks more like a temporary retracement than a confirmed trend reversal.
My attention is now on the liquidity resting above the recent local highs around $1,162.
I expect price could first move upward to collect the available buy-side liquidity. This could trigger breakout traders' entries and short sellers' stop-losses.
But a liquidity sweep does not automatically mean a bullish reversal.
If price takes that liquidity and gets rejected, I will be looking for renewed selling pressure. My downside objective is around $1,100.
Trading signal: ZEC/USDT – SHORT
Entry: $1,158–$1,162
Stop Loss: $1,176.75
Take Profit 1: $1,140
Take Profit 2: $1,120
Final Target: $1,100.10
Invalidation: A sustained breakout and acceptance above $1,176.75 invalidates this bearish setup. If buyers reclaim this region, I will abandon the short idea and watch the FVG around $1,190–$1,228 as a potential upside destination.
My bias remains bearish as long as the resistance holds.
I am not interested in predicting every candle. I want to see how price reacts around liquidity and resistance before committing to the next move.
Sellers have the advantage for now, but confirmation is everything.
What's your take? Another leg down or a bullish reversal?
#ZEC #Zcash #CryptoTrading #TechnicalAnalysis #BinanceSquare
$ZEC
