$ZEC
Entry Price (Entry): \approx 429.12 (Last Price shown, or slightly above, as the trade is active)
Stop Loss (SL): 470.56
Take Profit (TP): 401.04
The trade is a Short position, indicating an expectation for the price of ZECUSDT to decrease. The entry is placed near the current market price of \approx 429.12 following a rejection from a recent high. The price action on the 4-hour chart shows a recovery bounce that is stalling.
The Stop Loss (SL) is set at 470.56, strategically positioned above the recent local high and the current retracement level, which serves as a resistance zone. If the price breaks this level, the short thesis is invalidated, and the loss is contained.
The Take Profit (TP) target is 401.04, chosen to be near a previous swing low or a significant support level. This provides a favorable risk-to-reward ratio (the distance to TP is visually smaller than the distance to SL, but it is placed at a strong structural point) and aims to capture the potential continuation of the downward trend following the recent rejection
