$ZEC short setup 🔴
ZEC short squeezed after the orchard bug wipeout. the bounce is the setup.
daily trend still down. short ma under long ma, rsi has room before it goes oversold, macd negative. no flip happened here. Zcash is printing weaker than Bitcoin, and Bitcoin already lost its own key moving average. risk-off has no mercy.
Shielded Labs disclosed a 4-year-old soundness bug in Zcash's Orchard shielded pool on June 5 and ZEC fell 50% in 48 hours. this bounce is a short squeeze, not a recovery.
futures short · 3x iso
entry 392.99 to 389.1
stop 428.01 (10.0% risk)
tp1 330.74 (+15.0%)
tp2 272.37 (+30.0%)
r/r 1.5
tap $ZEC and pull the 1D on Binance. i'm fading the dead cat. follow if you want the next setup before the crowd wakes up.
size small. not financial advice, do your own work. setup's on the chart.
$ZEC #ZEC #crypto #futures
ZEC short squeezed after the orchard bug wipeout. the bounce is the setup.
daily trend still down. short ma under long ma, rsi has room before it goes oversold, macd negative. no flip happened here. Zcash is printing weaker than Bitcoin, and Bitcoin already lost its own key moving average. risk-off has no mercy.
Shielded Labs disclosed a 4-year-old soundness bug in Zcash's Orchard shielded pool on June 5 and ZEC fell 50% in 48 hours. this bounce is a short squeeze, not a recovery.
futures short · 3x iso
entry 392.99 to 389.1
stop 428.01 (10.0% risk)
tp1 330.74 (+15.0%)
tp2 272.37 (+30.0%)
r/r 1.5
tap $ZEC and pull the 1D on Binance. i'm fading the dead cat. follow if you want the next setup before the crowd wakes up.
size small. not financial advice, do your own work. setup's on the chart.
$ZEC #ZEC #crypto #futures