$ZEC Guys, I’m going to open a BIG LONG on $ZEC here.
TP: $1,265
SL: $1,236
The reason is simple price is sitting right on the lower support area and buyers are finally starting to react from it.
Now look at what’s sitting above: there’s a good amount of short-side liquidity around the $1,260–$1,265 area, so if this support keeps holding, price has a clear reason to move toward that zone.
Yes, the bigger timeframe is still weak, but that doesn’t mean every move has to be down.
On the smaller timeframe, this setup is giving me a clean bounce opportunity with defined risk.
So I’m not trying to call the full trend reversal here.
I’m just trading the move from support toward the liquidity above.
If buyers keep defending this area, I think $ZEC can squeeze up pretty quickly.
TP: $1,265
SL: $1,236
The reason is simple price is sitting right on the lower support area and buyers are finally starting to react from it.
Now look at what’s sitting above: there’s a good amount of short-side liquidity around the $1,260–$1,265 area, so if this support keeps holding, price has a clear reason to move toward that zone.
Yes, the bigger timeframe is still weak, but that doesn’t mean every move has to be down.
On the smaller timeframe, this setup is giving me a clean bounce opportunity with defined risk.
So I’m not trying to call the full trend reversal here.
I’m just trading the move from support toward the liquidity above.
If buyers keep defending this area, I think $ZEC can squeeze up pretty quickly.
