ZCASH/DOLLAR POTENTIAL SHORT 4H/1D TIMEFRAME
ZCASH POTENTIAL SHORT
1D Chart:
*Zcash is in a downtrend on the daily timeframe
*150-151 area is recent significant structure on the daily timeframe
*price pulling back making inside return into structure
4H Chart:
*price breached signicant structure and broke it around 150-151 handle
*price has held beneath this structure on the 4H
*sellers showing stronger momentum vs the buyers (as displayed on the chart)
*watch and see how buyers react at structure around the 150-151 mark
*IF we see some seller strength come in and good risk/reward it could be a good potential short setup
ALWAYS make sure to have a plan when trading in any financial market. Follow the plan and be discipline with risk and make sure to IMPLEMENT these principles not just know them. Action>Talk. Never risk more than 2% of trading capital per-setup.
Cheers!
1D Chart:
*Zcash is in a downtrend on the daily timeframe
*150-151 area is recent significant structure on the daily timeframe
*price pulling back making inside return into structure
4H Chart:
*price breached signicant structure and broke it around 150-151 handle
*price has held beneath this structure on the 4H
*sellers showing stronger momentum vs the buyers (as displayed on the chart)
*watch and see how buyers react at structure around the 150-151 mark
*IF we see some seller strength come in and good risk/reward it could be a good potential short setup
ALWAYS make sure to have a plan when trading in any financial market. Follow the plan and be discipline with risk and make sure to IMPLEMENT these principles not just know them. Action>Talk. Never risk more than 2% of trading capital per-setup.
Cheers!
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