SHORT ENTRY AT $ZEC 🔴‼️AND HOW FAR COULD IT FALL? 💸✍️
ENTRY:
401.50 - 402.00
SHORT TARGETS 🔴:
398 - 395 - 390 - 380 - 370 - 350 - 330
SL:
405 - 407 - 410
This coin faced a rejection in which it has not yet managed to regain its characteristic buying strength, which is why the only thing keeping it afloat is that the whale continues to maintain the price and we have also seen how it somewhat disconnected from $BTC .
NOW WHY DO I RECOMMEND THE SHORT?
because it is in full short-term distribution which would indicate that if it continues to hold like this we would be seeing the beginning of a new fall of this coin in the style of $DASH
so it is worth the short more than the long, that said it is still in the daily frame not so bearish it is in the middle band of Bollinger indicating that there is still time for a price recovery but looking at the charts and the pressure it has on it, it is very unlikely that it will happen.