$ZEC IS SHOWING WEAKNESS AS IT APPROACHES A KEY RESISTANCE ZONE 📉
Entry: 350-365 ⚠️
Target: 342-334-320 🎯
Stop Loss: 389 ⚠️
The market structure for $ZEC remains firmly bearish on the higher timeframes. I am looking to initiate a short position if the price reaches the 350 to 365 range, as the sellers have consistently defended this area during recent rallies.
Volume has been drying up on the push toward this resistance, which suggests the current momentum is likely to exhaust before breaking higher. Keeping the stop loss tight at 389 protects against a sudden reversal. Do you see this as a local top or just a pause before the next leg up?
Not financial advice. Always manage your risk.
#ZEC #ShortSetup #TradingStrategy #Crypto
🎯
Entry: 350-365 ⚠️
Target: 342-334-320 🎯
Stop Loss: 389 ⚠️
The market structure for $ZEC remains firmly bearish on the higher timeframes. I am looking to initiate a short position if the price reaches the 350 to 365 range, as the sellers have consistently defended this area during recent rallies.
Volume has been drying up on the push toward this resistance, which suggests the current momentum is likely to exhaust before breaking higher. Keeping the stop loss tight at 389 protects against a sudden reversal. Do you see this as a local top or just a pause before the next leg up?
Not financial advice. Always manage your risk.
#ZEC #ShortSetup #TradingStrategy #Crypto
🎯