$ZEC BREAKS LOCAL STRUCTURE — SHORT SETUP 📉🔥
🔴 SHORT
Entry Range: $1,230–$1,280
Stop Loss: $1,379.74
TP1: $1,050.00
TP2: $900.00
TP3: $759.18
ZEC has put in a clear lower high following its major rally toward $1,694 and is now breaking down below local support, currently trading near $1,234. For me, the key is whether sellers can maintain momentum following this high-timeframe distribution off the peak.
I’m looking for a continued unwinding lower while ZEC remains capped below the $1,280 level. A sustained drop from this region could send price toward $1,050.00 first to test intermediate demand, followed by $900.00, and eventually the primary target floor marked around $759.18.
After a sharp rejection like this, I’m definitely not treating it like a free-money trade 😅. Volatility can be brutal on higher-priced perpetuals, so I’d rather manage position size and respect risk instead of chasing with oversized leverage.
As long as the local breakdown structure holds, my bias stays bearish. Above $1,379.74, the setup is invalidated for me.
Now let’s see if ZEC completes this drop to the lower support targets 📉🔥
$GRIFFAIN
$AIN
🔴 SHORT
Entry Range: $1,230–$1,280
Stop Loss: $1,379.74
TP1: $1,050.00
TP2: $900.00
TP3: $759.18
ZEC has put in a clear lower high following its major rally toward $1,694 and is now breaking down below local support, currently trading near $1,234. For me, the key is whether sellers can maintain momentum following this high-timeframe distribution off the peak.
I’m looking for a continued unwinding lower while ZEC remains capped below the $1,280 level. A sustained drop from this region could send price toward $1,050.00 first to test intermediate demand, followed by $900.00, and eventually the primary target floor marked around $759.18.
After a sharp rejection like this, I’m definitely not treating it like a free-money trade 😅. Volatility can be brutal on higher-priced perpetuals, so I’d rather manage position size and respect risk instead of chasing with oversized leverage.
As long as the local breakdown structure holds, my bias stays bearish. Above $1,379.74, the setup is invalidated for me.
Now let’s see if ZEC completes this drop to the lower support targets 📉🔥
$GRIFFAIN
$AIN