$ZEC Future Setup - Short/Sell (1H)
Entry: 410 - 405
Stop Loss: 440
TP1: 395
TP2: 385
TP3: 370
đ§ Technical Analysis
đThe current price of $404 is below the SMA(20) of $427.919, indicating a strong downtrend. The RSI(14) of 28.12 is oversold, suggesting a potential reversal up, but the MACD trend is strong bearish, indicating continued downward momentum.
đThe price is also below the lower Bollinger Band, which could indicate a potential bounce. The support levels at $385.97333333 and $367.94666667 could provide a target for the short position.
đ» BEARISH : VERDICT
â ïž MEDIUM : RISK LEVEL
đŻ
Target Probabilities
đ„ TP1 -70%
đ„ TP2 -50%
đ„ TP3 - 30%
đĄ
Always use Trailing SL
