🔴 SHORT $ZEC — Breakdown Confirmed
The bounce failed. Sellers are back.
$ZEC rejected from 568 and broke below support at 530. EMA20 at 541, EMA50 at 546 — both sloping down. RSI at 25 — oversold, but in a downtrend, oversold can stay oversold.
Bounces are weak. Volume on the drop is heavy. The structure is clearly bearish.
I'm going short from here.
Entry: 529.00 – 530.00
SL: 538.00
🎯 TP1: 522.00
🎯 TP2: 516.00
🎯 TP3: 508.00
Setup fails if price closes above 534.00 on the 15m.
When a breakdown is confirmed, the path of least resistance is down.
DYOR. Not financial advice.
$ZEC #Binance #BinanceSquare #cryptosignals
The bounce failed. Sellers are back.
$ZEC rejected from 568 and broke below support at 530. EMA20 at 541, EMA50 at 546 — both sloping down. RSI at 25 — oversold, but in a downtrend, oversold can stay oversold.
Bounces are weak. Volume on the drop is heavy. The structure is clearly bearish.
I'm going short from here.
Entry: 529.00 – 530.00
SL: 538.00
🎯 TP1: 522.00
🎯 TP2: 516.00
🎯 TP3: 508.00
Setup fails if price closes above 534.00 on the 15m.
When a breakdown is confirmed, the path of least resistance is down.
DYOR. Not financial advice.
$ZEC #Binance #BinanceSquare #cryptosignals