๐จ $ZEC /#USDT Short Trade Setup | Resistance Rejection & Downside Target ๐
Zcash ($ZEC ) is showing clear signs of weakness on the 1-Hour chart following a fakeout above the resistance zone.
๐ Technical Analysis:
โข Price got rejected near $1,679 and broke back below the key red horizontal zone ($1,570 - $1,600).
โข Current structure indicates a classic distribution pattern pointing towards a breakdown.
๐ Trade Setup (Short):
โข Entry Zone: $1,550.00 โ $1,565.00
โข Target 1 (TP1): $1,504.95
โข Target 2 (TP2): $1,387.46
โข Target 3 (TP3): $1,269.97
โข Stop Loss (SL): $1,595.00
โ ๏ธ Risk Management:
โข Keep leverage low (3xโ5x).
โข Move SL to entry price once TP1 is reached to secure a risk-free trade.
What are your thoughts on $ZEC ? Drop your predictions below! ๐
#ZEC/USDT #BinanceSquare #Tecnicalanalaysis #FutureTarding
Zcash ($ZEC ) is showing clear signs of weakness on the 1-Hour chart following a fakeout above the resistance zone.
๐ Technical Analysis:
โข Price got rejected near $1,679 and broke back below the key red horizontal zone ($1,570 - $1,600).
โข Current structure indicates a classic distribution pattern pointing towards a breakdown.
๐ Trade Setup (Short):
โข Entry Zone: $1,550.00 โ $1,565.00
โข Target 1 (TP1): $1,504.95
โข Target 2 (TP2): $1,387.46
โข Target 3 (TP3): $1,269.97
โข Stop Loss (SL): $1,595.00
โ ๏ธ Risk Management:
โข Keep leverage low (3xโ5x).
โข Move SL to entry price once TP1 is reached to secure a risk-free trade.
What are your thoughts on $ZEC ? Drop your predictions below! ๐
#ZEC/USDT #BinanceSquare #Tecnicalanalaysis #FutureTarding