$ZEC : Short Setup
ZEC has dropped about 14% in 24 hours and is only bouncing weakly under the 1H MA9. I'm not shorting the lows. I'm waiting for a pullback into the broken support zone to short the weakness in line with the trend.
Entry: 1,025 – 1,045 (on rejection)
Stop-loss: 1,068
TP1: 995
TP2: 965
TP3: 935
Reason: Price is below the 1H MA9 (about 997), 1,020–1,045 is the support zone that broke during the sell-off, RSI is 34 (weak momentum), and the 7-day and 30-day trends are both down.
Note: Bitcoin slipped below $74,000 after hotter-than-expected US CPI (October CPI +0.4% vs 0.3% expected), which keeps crypto under pressure.
A 1H close above 1,070 invalidates this idea and I will step aside.
Personal view, not financial advice. DYOR.
Follow for more clean, simple trade setups.
#zec #zcash #TradingSignal #TradingStrategies💼💰 #Binance
ZEC has dropped about 14% in 24 hours and is only bouncing weakly under the 1H MA9. I'm not shorting the lows. I'm waiting for a pullback into the broken support zone to short the weakness in line with the trend.
Entry: 1,025 – 1,045 (on rejection)
Stop-loss: 1,068
TP1: 995
TP2: 965
TP3: 935
Reason: Price is below the 1H MA9 (about 997), 1,020–1,045 is the support zone that broke during the sell-off, RSI is 34 (weak momentum), and the 7-day and 30-day trends are both down.
Note: Bitcoin slipped below $74,000 after hotter-than-expected US CPI (October CPI +0.4% vs 0.3% expected), which keeps crypto under pressure.
A 1H close above 1,070 invalidates this idea and I will step aside.
Personal view, not financial advice. DYOR.
Follow for more clean, simple trade setups.
#zec #zcash #TradingSignal #TradingStrategies💼💰 #Binance
