04Crypto
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Bearish
My plan.
Entry short 445 to 455.
Stop loss 465.
Targets 420, 415, 400, 390.
ZEC is moving against Bitcoin, and the question now is whether this is only a dead cat bounce or the start of a new bullish leg. After the drop from 450 down to 390, ZEC has staged a strong rebound from 390 back to 457, a move of around 12 percent.
On the liquidation heatmap, the thickest liquidity band around 440 to 450 has already been swept, which tells me that large players have finished cleaning up late long positions.
While Bitcoin is moving sideways, ZEC pumps, and that kind of divergence usually signals deliberate price manipulation rather than organic demand. With liquidity above price already harvested, I expect the next phase to be a continuation of the downtrend.$ZEC
Entry short 445 to 455.
Stop loss 465.
Targets 420, 415, 400, 390.
ZEC is moving against Bitcoin, and the question now is whether this is only a dead cat bounce or the start of a new bullish leg. After the drop from 450 down to 390, ZEC has staged a strong rebound from 390 back to 457, a move of around 12 percent.
On the liquidation heatmap, the thickest liquidity band around 440 to 450 has already been swept, which tells me that large players have finished cleaning up late long positions.
While Bitcoin is moving sideways, ZEC pumps, and that kind of divergence usually signals deliberate price manipulation rather than organic demand. With liquidity above price already harvested, I expect the next phase to be a continuation of the downtrend.$ZEC
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