following the price action on $ZEC, while I keep leverage near 26x, keeps rejecting the same area, so the short side is worth watching
The planned entry is an area to watch for a failed bounce; it avoids chasing an already extended drop. The trend remains under pressure, with the short-term average sitting beneath the slower one. The 24-hour move stands at -10.99%, with the latest price near 1051.99. Volume is only about 0.1x its recent average, so stronger participation would help confirm the move. RSI is 49.1, a fairly balanced reading that leaves the next price reaction to decide direction. The nearby map is support around 1021.28 and overhead resistance close to 1070.00.
Short setup | Spot chart | 15M
Entry: 1051.45–1054.68
TP1: 1024.79 → TP2: 1001.79 → TP3: 968.82
Stop Loss: 1072.37
#ZEC #crypto #Write2Earn! #binance
The planned entry is an area to watch for a failed bounce; it avoids chasing an already extended drop. The trend remains under pressure, with the short-term average sitting beneath the slower one. The 24-hour move stands at -10.99%, with the latest price near 1051.99. Volume is only about 0.1x its recent average, so stronger participation would help confirm the move. RSI is 49.1, a fairly balanced reading that leaves the next price reaction to decide direction. The nearby map is support around 1021.28 and overhead resistance close to 1070.00.
Short setup | Spot chart | 15M
Entry: 1051.45–1054.68
TP1: 1024.79 → TP2: 1001.79 → TP3: 968.82
Stop Loss: 1072.37
#ZEC #crypto #Write2Earn! #binance
