Trading Plan Short $ZEC
$ZEC rejected 388.17 resistance after a weak push, now failing to hold EMA21.
Entry: $385.00-$390.00
Stoploss: $396.50
Targets: $378.00 / $365.00 / $350.00
ZEC printed a clear deviation above 385.8, failing to reclaim the 1H EMA50. The Bollinger Bands are squeezing on the 1H, but the price is losing the mid-band support. Taker sell volume is aggressive, pushing it down while OI bleeds, indicating trapped longs. Funding is rising into this resistance, suggesting longs are still paying up. A clean reclaim of $396.50 invalidates the short thesis.
Trade $ZEC here 👇
$ZEC rejected 388.17 resistance after a weak push, now failing to hold EMA21.
Entry: $385.00-$390.00
Stoploss: $396.50
Targets: $378.00 / $365.00 / $350.00
ZEC printed a clear deviation above 385.8, failing to reclaim the 1H EMA50. The Bollinger Bands are squeezing on the 1H, but the price is losing the mid-band support. Taker sell volume is aggressive, pushing it down while OI bleeds, indicating trapped longs. Funding is rising into this resistance, suggesting longs are still paying up. A clean reclaim of $396.50 invalidates the short thesis.
Trade $ZEC here 👇