$ZEC Short Setup: Fading the Fakeout
The recent push on $ZEC is showing serious weakness. We tapped right into a major resistance zone and instantly lost momentum. Buyers tried to lift it, but the wicks don't lie—supply is stepping in heavy.
Here is the exact trading plan to capitalize on the downside:
Entry Zone: $258 – $268
Take Profit 1 (TP1): $240
Take Profit 2 (TP2): $222
Take Profit 3 (TP3): $205
Stop Loss (SL): $285
The Logic: Market structure is leaning heavy, with lower highs completely intact. Momentum never truly flipped bullish, and the flow up here is highly distributive. With ZEC currently hovering right around the $264 mark, a rotation back down into deeper liquidity is the cleanest path forward. Play the fade. 📉
#Zcash #zecshort #CryptoTrading #TradeSetup #BinanceSquare
