$ZEC Strong Buying Confirmation Setup.!!
Two days ago, I shared a short position on ZEC, which delivered almost a 1:5 profit. So, you might be wondering why I'm now looking for a buying opportunity.
Let me explain my complete trading plan.
$ZEC is currently sitting at the 0.5 Fibonacci Golden Zone, which is a significant level where we may see a potential bullish move.
I follow a specific trading rule: if the market breaks above my key level of $1,274.94 with a strong bullish candle, I will consider entering a buy position.
My Trade Plan:
Entry Confirmation: A strong bullish candle closing above $1,274.94.
Stop Loss: $1,209.54
Target: My primary target is based on a 1:2.26 risk-to-reward ratio, around the previous high. Even if the price doesn't reach that level, I expect $1,329.80 to be an important area to watch, as it also aligns with the Fibonacci Golden Zone.
For now, I'm waiting for confirmation before entering. I've already shared the key levels with you, so let's see how this setup develops.
Two days ago, I shared a short position on ZEC, which delivered almost a 1:5 profit. So, you might be wondering why I'm now looking for a buying opportunity.
Let me explain my complete trading plan.
$ZEC is currently sitting at the 0.5 Fibonacci Golden Zone, which is a significant level where we may see a potential bullish move.
I follow a specific trading rule: if the market breaks above my key level of $1,274.94 with a strong bullish candle, I will consider entering a buy position.
My Trade Plan:
Entry Confirmation: A strong bullish candle closing above $1,274.94.
Stop Loss: $1,209.54
Target: My primary target is based on a 1:2.26 risk-to-reward ratio, around the previous high. Even if the price doesn't reach that level, I expect $1,329.80 to be an important area to watch, as it also aligns with the Fibonacci Golden Zone.
For now, I'm waiting for confirmation before entering. I've already shared the key levels with you, so let's see how this setup develops.
