ZECUSDT trade ideas
🔥 ZEC Bullish ChannelZEC has been trading inside this channel since the start of 2021. During the most recent sell-off, ZEC failed to pierce through the lower support of the channel and reversed sharply from said channel.
In case ZEC makes a bearish move in the near future, we're prepared to trade the channel. In case the price keeps on rising this trade will naturally not be executed.
Before entering this trade wait for the price to touch the Entry line.
On the chart I’ve marked two potential areas of resistance, R1 and R2. These areas are based on recent swing highs and round numbers. Do your own due diligence.
Happy trading!
How market makers shake you out - ZECDear traders,
This is an educational tutorial showing you how market makers shake you out of a long position.
Most retail traders would recognize the blue box on the chart as a level of support. Therefore, it makes sense for retail traders to place their stop loss closely below, because in theory the bullish trend should turn bearish when support is broken to the downside.
Market makers know how retail traders think and therefore push the price lower with a wick (as visible on the chart). This wick, which dips below support, causes many stop losses to trigger of retail traders.
When a retail trader's stop loss triggers (of a long position), it turn into a market sell order as many of you might know.
Now.. all these triggered market sell orders create huge buying liquidity for market makers to stack up cheap, without increasing the price instantly, because there is enough buying liquidity (provided by stop losses of retail traders).
Be careful where you put your stop loss. You do not want to give up a great entries in a bull market!
Goodluck,
Doctor Hugo
ZECUSDT Short TermZEC after breaking its resistance ,is moving slowly through an ascending channel. At this moment, it is on the bottom of channel and on the support so I am expecting the pump and breaking of resistance . In 4h and 1h, it hits LH and in a short time uptrend ,it will be able to find its route and reach its goals.
ZECUSDTHello to you all. Mars Signals team wishes you high profits at all times.
According to this that the price has reached a level after which always the price would experience a rise, we expect it to rise again. If it is able to break its bullish triangle, it is possible for it to see higher prices.
But you also need to keep this in mind that if the price faces another failure in rising, there is more possibility for further falling.
Warning: This is just a suggestion to you and we do not guarantee profits.
Wish you luck!