The ZEC 4-hour chart suggests a potential short opportunity. Traders may consider the following defined parameters for this setup.
$ZEC /USDT - SHORT 📉
**Trade Plan:**
Entry: 295.966717 – 299.432753
SL: 308.097844
TP1: 287.301626
TP2: 283.835589
TP3: 276.903516
This setup indicates a short bias based on technical analysis. While the 1-day trend shows range-bound movement, the 4-hour chart targets a drop towards TP1 at 287.30.
The 15-minute RSI is oversold at 36.42, suggesting a potential minor bounce before the anticipated downward move. The entry zone is clearly defined for this scenario.
Debate: Is this a genuine breakdown, or simply a fakeout within the daily range?
Trade here 👇
