💥 Shorting Opportunity ZEC/USDT – Entry Point 535 USDT
Keep an eye out, ZEC is showing signs of weakness on the H1-H4 timeframe, and the price action indicates a strong potential for a bearish reversal. This is an extremely promising setup for traders who prefer to "short" with a reasonable R:R.
Position details:
Entry Point: 535 USDT
Stop-loss (SL): 580 USDT – a safe guard in case the market unexpectedly bounces back
Take-profit (TP): 480 USDT – potential target following the downtrend
Reasons for entry:
ZEC has just broken a strong support level, with a light retest and insufficient buying pressure.
EMA 20 and 50 are starting to diverge downwards, RSI is below 50, indicating high selling potential.
The daily timeframe still shows a downtrend, making this a great short opportunity, R:R ~1:2, suitable for a safe strategy.
⚠️ Note: The crypto market is extremely volatile, always manage your risk, do not go all-in.
You might consider opening positions in parts, keeping a reasonable SL, and monitoring price reactions around the 535 area.
