๐จ $ZEC
| AIR FORCE IN POSITION: SHORT THE RESISTANCE! ๐จ
Price is putting up a fight right under the heavy resistance zone [1.1.4]. After a massive recovery bounce from its recent lows, the bulls are starting to show signs of exhaustion right here in the $480 โ $500 area [1.1.3, 1.1.4].
Chasing the long into structural resistance is a trapโthe risk/reward ratio is heavily stacked in favor of the bears for a clean rejection play.
๐ THE SHORT SETUP:
* The Play: Shorting the confirmed resistance rejection [1.1.4].
* Target Entries: $480 โ $495 [1.1.1, 1.2.2]
* Stop Loss (SL): $530 ๐ (Strict protection just above the Fibonacci resistance at $520 [1.1.4])
* Take Profit 1 (TP1): $440 ๐ฏ (Targeting near-term support zone [1.1.2])
* Take Profit 2 (TP2): $412 ๐ฏ (Major structural support level [1.1.1])
Let the buyers exhaust their capital pushing into the ceiling. Watch for the reversal trigger, lock in your leverage, and let the correction slide down! ๐๐ฅโ๏ธ
#ZEC #Zcash #CryptoTrading #ShortSetup #BearishReversal
| AIR FORCE IN POSITION: SHORT THE RESISTANCE! ๐จ
Price is putting up a fight right under the heavy resistance zone [1.1.4]. After a massive recovery bounce from its recent lows, the bulls are starting to show signs of exhaustion right here in the $480 โ $500 area [1.1.3, 1.1.4].
Chasing the long into structural resistance is a trapโthe risk/reward ratio is heavily stacked in favor of the bears for a clean rejection play.
๐ THE SHORT SETUP:
* The Play: Shorting the confirmed resistance rejection [1.1.4].
* Target Entries: $480 โ $495 [1.1.1, 1.2.2]
* Stop Loss (SL): $530 ๐ (Strict protection just above the Fibonacci resistance at $520 [1.1.4])
* Take Profit 1 (TP1): $440 ๐ฏ (Targeting near-term support zone [1.1.2])
* Take Profit 2 (TP2): $412 ๐ฏ (Major structural support level [1.1.1])
Let the buyers exhaust their capital pushing into the ceiling. Watch for the reversal trigger, lock in your leverage, and let the correction slide down! ๐๐ฅโ๏ธ
#ZEC #Zcash #CryptoTrading #ShortSetup #BearishReversal