$ZEC is testing a resistance zone where I want to see sellers step in before the next move lower. 👀
SHORT SETUP — ZEC/USDT
Entry: $1,165–$1,175
TP1: $1,150
TP2: $1,135
TP3: $1,120
Stop Loss: $1,195
Leverage: 10x maximum
Why am I bearish?
ZEC bounced strongly from the $1,050 area, but the recovery is now approaching resistance near $1,180. Buyers have pushed the price higher, yet this zone could bring profit-taking and renewed selling pressure.
Here’s what I’m watching:
Rejection below $1,180
A breakdown below $1,160
Continued selling pressure toward $1,135–$1,120
What invalidates the setup?
A sustained move above $1,195 would weaken this bearish idea. I want confirmation from price action rather than blindly entering a short at resistance.
The key is patience: rejection first, confirmation second, entry third. No setup is guaranteed, especially with leverage, so manage risk carefully.
Are sellers ready to take control, or will ZEC break through resistance?
SHORT SETUP — ZEC/USDT
Entry: $1,165–$1,175
TP1: $1,150
TP2: $1,135
TP3: $1,120
Stop Loss: $1,195
Leverage: 10x maximum
Why am I bearish?
ZEC bounced strongly from the $1,050 area, but the recovery is now approaching resistance near $1,180. Buyers have pushed the price higher, yet this zone could bring profit-taking and renewed selling pressure.
Here’s what I’m watching:
Rejection below $1,180
A breakdown below $1,160
Continued selling pressure toward $1,135–$1,120
What invalidates the setup?
A sustained move above $1,195 would weaken this bearish idea. I want confirmation from price action rather than blindly entering a short at resistance.
The key is patience: rejection first, confirmation second, entry third. No setup is guaranteed, especially with leverage, so manage risk carefully.
Are sellers ready to take control, or will ZEC break through resistance?