$ZEC is ready for another BIG DUMP… and I really don't want to miss this one! 🚨
Guys, I'm opening a BIG SHORT on $ZEC here.
TP: $1,230.4
SL: $1,329.3 👇🏻
Just look at those candles. Buyers tried so hard to push ZEC higher, but every time price reached the $1,320–$1,328 area, sellers pushed it back down.
And now we're seeing another rejection. To me, this looks like a buyer trap. A lot of people probably entered longs expecting another breakout, but price couldn't hold those higher levels.
Now those late buyers could become the next source of downside liquidity if ZEC starts breaking lower.
That's exactly why I'm interested in this short. If sellers push price below $1,290, I think the drop toward $1,230 could get pretty aggressive.
I'm not letting this setup pass without taking my shot. Let's see if $ZEC gives us another crazy red move.
Guys, I'm opening a BIG SHORT on $ZEC here.
TP: $1,230.4
SL: $1,329.3 👇🏻
Just look at those candles. Buyers tried so hard to push ZEC higher, but every time price reached the $1,320–$1,328 area, sellers pushed it back down.
And now we're seeing another rejection. To me, this looks like a buyer trap. A lot of people probably entered longs expecting another breakout, but price couldn't hold those higher levels.
Now those late buyers could become the next source of downside liquidity if ZEC starts breaking lower.
That's exactly why I'm interested in this short. If sellers push price below $1,290, I think the drop toward $1,230 could get pretty aggressive.
I'm not letting this setup pass without taking my shot. Let's see if $ZEC gives us another crazy red move.
