Symbol Analysis $ZEC
📊 1. Market Structure Analysis
- Current Trend: Bearish
- Break of Structure (BOS) or Change of Character (CHoCH): No clear break of structure, the overall trend is down.
- Liquidity Sweep Areas: Liquidity has been swept below the level of $386.6500 (Recent Low).
- Key Levels:
- Support: $384.4700 (24h Low)
- Resistance: $394.6400 (Recent High)
🧠 2. Key SMC Elements
✅ Liquidity:
- Swept Levels: $386.6500
- Remaining Levels: Above $394.6400
🟥 OB Areas:
- Bearish Order Blocks: Around $394.6400
📉 FVGs:
- There are no clear fair value gaps in the provided data.
🎯 3. Trading Setup Suggestion
- Entry Area (sell): $394.0000 (Near Recent High)
- Stop Loss (SL): $395.5000 (Above Recent High)
- Profit Targets:
- TP1: $388.0000
- TP2: $386.0000
- TP3: $384.5000
- R:R Ratio Calculation:
- TP1: 4:1
- TP2: 5:1
- TP3: 6:1
🕯️ 4. Candle Confirmation
- There are no clear candlestick patterns such as engulfing or rejection in the provided data.
🌐 5. Market Context
- Higher Timeframe Direction: The overall trend is down, consistent with the current trend.
- Confluence or Divergence: Aligns with the overall bearish trend.
✅ 6. Final Recommendation
- Trade Type: Sell
- Confidence Level: Medium
- Invalidating Level: Close above $395.5000
- Reminder: This is not financial advice