📉 trading plan for ZEC
Let’s break it down carefully and see if it makes sense from a technical standpoint. I’ll give a clear, step-by-step analysis:
1. Entry Zone
$435–$445: You’re aiming to enter near the EMA(20) resistance at $427.45, which seems reasonable for a short setup since the price is slightly above it.
Be aware: entering near the top of this range (~$445) is slightly riskier because it’s closer to your stop-loss ($460), giving less room for profit.
2. Stop Loss (SL)
$460: This gives you a buffer of $15–$25 above your entry, which is about 5–6% from the $445 entry max.
Strategically, this is just above recent swing highs, which is logical.
3. Take Profit (TP)
$354 and $300:
$354 aligns with Fib 0.5 and recent support—a realistic first target.
$300 is more aggressive, corresponding to Fib 0.618 and psychological support. Good for a longer-term target if momentum continues.
Make sure you consider scaling out profits—perhaps take partial profit at $354 and leave the rest for $300.
4. Key Resistance/Support
EMA(20) $427.45: Acting as a ceiling—price rejected here multiple times. Strong short trigger.
EMA(50) $414.42: Critical dynamic support. If broken, it validates your downward scenario.
