$ZEC: Loses Key Demand Zone: Next Support Level Unprotected
SHORT SETUP ZEC
Entry: $1190.00 - $1192.30
Stop Loss: $1235.00
Take Profit: $1103.45 (2R)
Key Levels: Support $1112.77 | Resistance $1195.87
Technical Analysis for $ZEC: Short bias. Price sits below EMA21, EMA50 and EMA200, while EMA9 is just above price, indicating a highertime downtrend. Orderbook imbalance favors asks. Target near 1112 support; stop above 1235 invalidates. SHORT bias targets continuation toward support, with resistance as the invalidation level. The stop loss defines the risk level for this setup.
Market Context: BTC is in a bearish 4hour trend and the broader market is broadly negative, supporting downside pressure on ZEC.
SHORT $ZEC
SHORT SETUP ZEC
Entry: $1190.00 - $1192.30
Stop Loss: $1235.00
Take Profit: $1103.45 (2R)
Key Levels: Support $1112.77 | Resistance $1195.87
Technical Analysis for $ZEC: Short bias. Price sits below EMA21, EMA50 and EMA200, while EMA9 is just above price, indicating a highertime downtrend. Orderbook imbalance favors asks. Target near 1112 support; stop above 1235 invalidates. SHORT bias targets continuation toward support, with resistance as the invalidation level. The stop loss defines the risk level for this setup.
Market Context: BTC is in a bearish 4hour trend and the broader market is broadly negative, supporting downside pressure on ZEC.
SHORT $ZEC