🚨 $ZEC — SHORT SETUP ALERT 🚨
Price just made a parabolic move from the 450s → 518 high and is now stalling near the top. Momentum is cooling, wicks forming, and price is overextended above short-term MAs. This looks like a local top / distribution zone on lower TFs.
📉 SHORT TRADE PLAN (Scalp / Intraday)
Entry Zone:
🔻 510 – 518 (sell on rejection / weak bounce)
Targets:
🎯 TP1: 495
🎯 TP2: 480
🎯 TP3: 460
🎯 TP4 (stretch): 445
Stop Loss:
🛑 525 (clean break & hold above = invalidation)
📊 Technical Reasons:
• Sharp impulsive pump → profit-taking likely
• Long upper wicks near 518 = seller pressure
• Price far above MA(25) & MA(99) → mean reversion zone
• Volume spike = possible blow-off move
⚠️ Risk Management:
• Use small size, partial profits
• Trail SL after TP1
• BTC weakness = bonus fuel for dump
Bias: 🔴 Bearish pullback expected before any continuation
Trade smart, not emotional.
Not financial advice. 💣📉