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

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

Trade ativo:

First entry filled

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

Comentário:

SL updated up to 276.19$

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

Trade fechado: stop atingido:

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.

Comentário:

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.