$ZEC/USDT 1D (Binance Futures) Ascending channel near resistance

14 Nis 2021

Zcash is up-trending hard but I expect some retracement soon after a last leg-up.

Current Price= 227.85
Sell Entry = 240.11 - 252.53
Take Profit= 210.33 | 187.88 | 156.54
Stop Loss= 270.24

Risk/Reward= 1:1.5 | 1:2.44 | 1:3.75
Expected Profit= +29.22% | +47.46% | +72.90%
Possible Loss= -19.42%

Fib. Retracement= 0.236 | 0.382 | 0.618
Margin Leverage= 2x
Estimated Gain-time= 1 month

29 Nis 2021

İşlem aktif

First entry filled

Zcash has retested the resistance, let's see if it goes down at least to first target.

29 Nis 2021

Not

SL updated up to 276.19$

Zcash is pushing higher, let's give it a bit more space.

29 Nis 2021

İşlem kapandı: durdurma seviyesi

SL adjusted to current price with -22.40% (2x) -1.15R

Altcoins are too bullish to retrace down, let's close that Zcash short in loss here.

29 Nis 2021

Not

Do you remember that set-up?

Seems like I wasn't too bearish on Zcash after all, just started to short too early.
TP2 would have been reached with +47.46% (2x) if you dared to enter back on the retest, I did not unfortunately...
Right now it looks like it could dip again, you can give it another try with same targets and stop, 1x sounds enough!
I will look for a swing long opportunity if goes down to ascending Trend-Line (lower TL) or near.