#TradeEagle ZEC Short My Reasoning
I will short $ZEC from $371 with a TP at $357. This wasn’t an impulse trade, just a clean setup.
Price moved straight into a strong resistance zone around 368–372, an area where sellers had already stepped in before. When ZEC reached that level again, momentum started to slow and price couldn’t push higher. On the lower timeframe, structure weakened and began forming lower highs.
RSI was already stretched near resistance, which usually means upside is limited. At the same time, volume didn’t support the move up price was rising, but participation wasn’t there. That’s often a sign the move is running out of fuel.
The 357 level made sense as a target because it lines up with a nearby demand area and previous reaction zone. Risk was clear, reward was defined, so the trade was worth taking.
No guessing just levels, structure, and discipline.
