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ZEC bulls are celebrating wildly—RSI has flashed a yellow card
$ZEC /USDT - short SHORT
Trading plan:
Entry: 571.86 – 576.02
SL: 599.86
TP1: 554.50
TP2: 541.53
TP3: 522.09
Why focus on this setup?
- The 4H direction is clearly bearish, with 84% confidence. The 15-minute RSI is as high as 71.11, showing an obvious overbought signal.
- The current price is 573.94. TP1 is at 554.50—more than 3% upside from now, with enough momentum for a short-term pullback.
- The daily timeframe is still somewhat bullish, but overbought accumulation on the hourly timeframe is building, and a reversal window is forming.
Discussion:
Will this drop first hit TP2 and then rebound, or will it lure shorts to get harvested directly?