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ZEC short signal scores 84, but the daily chart is still rising?
$ZEC /USDT - SHORT
Trading plan:
Entry: 571.74 – 576.22
SL: 601.99
TP1: 552.97
TP2: 538.97
TP3: 517.96
Why focus on this structure?
- 4-hour timeframe: bearish confirmation; entry reference 573.98, TP1=552.97, TP2=538.97
- RSI 15m=51.46; not overbought, there’s still room for downside in the short term
- Why now? The daily chart is in a bull market, but the 4-hour has a top divergence; the main force may take advantage of this to shake out the market
Discussion:
Will this bearish move reach TP2 first, or will it get countered by the daily trend?