$ZEC Latest Market Update & Trade Plan 🤫
📌 Trading Plan (Short Setup):
👉 Short Entry Zone: 998 - 1028
👉 Stop Loss (SL): > 1062
🎉 TP1: 912 - 941
🎉 TP2: 820 - 846
🤭 Extended Target: 783
💥 Price is currently trading around 992.07 On the H1 chart, following a sharp vertical surge toward the 1,030 level, price is displaying clear signs of exhaustion near peak resistance. The technical structure suggests a high-probability corrective pullback from this overextended supply zone down toward lower demand levels.
👉 After a massive parabolic impulse wave from the ~780 base, price tapped key resistance around 1028 before stalling. The sharp vertical rally has left liquidity voids below, making a corrective drop into lower support zones likely before any sustainable accumulation can occur.
👉 The primary entry confluence for Short positioning lies between 998 and 1028. Looking for short entries inside this supply pocket allows traders to capitalize on the expected downside mean reversion.
👉Key Invalidation (SL): A clean breakout and candle close above 1062 invalidates this Short setup, signaling continued bullish momentum and potential extension toward higher highs
Click here to view the chart 👇️👇👇
📌 Trading Plan (Short Setup):
👉 Short Entry Zone: 998 - 1028
👉 Stop Loss (SL): > 1062
🎉 TP1: 912 - 941
🎉 TP2: 820 - 846
🤭 Extended Target: 783
💥 Price is currently trading around 992.07 On the H1 chart, following a sharp vertical surge toward the 1,030 level, price is displaying clear signs of exhaustion near peak resistance. The technical structure suggests a high-probability corrective pullback from this overextended supply zone down toward lower demand levels.
👉 After a massive parabolic impulse wave from the ~780 base, price tapped key resistance around 1028 before stalling. The sharp vertical rally has left liquidity voids below, making a corrective drop into lower support zones likely before any sustainable accumulation can occur.
👉 The primary entry confluence for Short positioning lies between 998 and 1028. Looking for short entries inside this supply pocket allows traders to capitalize on the expected downside mean reversion.
👉Key Invalidation (SL): A clean breakout and candle close above 1062 invalidates this Short setup, signaling continued bullish momentum and potential extension toward higher highs
Click here to view the chart 👇️👇👇
