🚀 $ZEC
SHORT SETUP 🚀
ZEC bounced off the sharp drop to $1,112.06 and is now grinding sideways under its 99 MA on very thin volume. I’m watching for a short on a push into the resistance zone above, not chasing the current candle. 📉
Entry: $1,242.00 – $1,252.00
TP1: $1,228.00
TP2: $1,212.00
TP3: $1,195.00
SL: $1,266.00
🔻 Why ZEC is on watch:
Price ($1,227.09) is sitting just under the 7 MA ($1,229.73) and above the 25 MA ($1,221.15), but is still well below the 99 MA ($1,254.29), which is sloping down and has capped every bounce since the drop from $1,413.00 The structure shows lower highs since the $1,413.00 peak, so the recovery looks corrective inside a downtrend Volume on the bounce has dried up to almost nothing, a sign of weak buying that often fades The 25 MA ($1,221.15) is the first support, with the recent swing low near $1,195 below it. A 1H close under $1,218 would confirm sellers are taking over.
Not financial advice. DYOR.
🔔 Follow CoinDispatch for more daily trade setups and market updates!
#zec #zcash #cryptotrading
SHORT SETUP 🚀
ZEC bounced off the sharp drop to $1,112.06 and is now grinding sideways under its 99 MA on very thin volume. I’m watching for a short on a push into the resistance zone above, not chasing the current candle. 📉
Entry: $1,242.00 – $1,252.00
TP1: $1,228.00
TP2: $1,212.00
TP3: $1,195.00
SL: $1,266.00
🔻 Why ZEC is on watch:
Price ($1,227.09) is sitting just under the 7 MA ($1,229.73) and above the 25 MA ($1,221.15), but is still well below the 99 MA ($1,254.29), which is sloping down and has capped every bounce since the drop from $1,413.00 The structure shows lower highs since the $1,413.00 peak, so the recovery looks corrective inside a downtrend Volume on the bounce has dried up to almost nothing, a sign of weak buying that often fades The 25 MA ($1,221.15) is the first support, with the recent swing low near $1,195 below it. A 1H close under $1,218 would confirm sellers are taking over.
Not financial advice. DYOR.
🔔 Follow CoinDispatch for more daily trade setups and market updates!
#zec #zcash #cryptotrading