Sell-side structure is developing around ZEC. The next move on ZEC may depend on whether this range actually gives way.
Levels I'm working with:
▪ Signal entry $1,564.17
▪ Stop loss $1,638.71
▪ First target $1,461.49
▪ Second target $1,393.32
▪ Final target $1,245.92
The current breakout potential backdrop gives the signal its structure. The engine reads this as SHORT, with lower as the directional path.
Quality grade: tier B, 73/100. Confidence reading: 52%. Risk/reward to TP3 works out to 4.27:1. For the downside, the model shows 55.6%. Entry to TP3 spans about 20.35%.
Stops go beyond recent swing liquidity, buffered by roughly 0.35x ATR.
What would confirm the short case for ZEC for you?
Positions carry risk. Size accordingly.
#ZEC #ZECUSDT #Short #Breakout #Altcoins
Levels I'm working with:
▪ Signal entry $1,564.17
▪ Stop loss $1,638.71
▪ First target $1,461.49
▪ Second target $1,393.32
▪ Final target $1,245.92
The current breakout potential backdrop gives the signal its structure. The engine reads this as SHORT, with lower as the directional path.
Quality grade: tier B, 73/100. Confidence reading: 52%. Risk/reward to TP3 works out to 4.27:1. For the downside, the model shows 55.6%. Entry to TP3 spans about 20.35%.
Stops go beyond recent swing liquidity, buffered by roughly 0.35x ATR.
What would confirm the short case for ZEC for you?
Positions carry risk. Size accordingly.
#ZEC #ZECUSDT #Short #Breakout #Altcoins