ZECBTC is breaking down the 1.618 Circle Fib, looks like it's all set to go the outer red circle. Keep stops close as at the current price, could be some trap, but I think it is not, so just in case always use stops !
Note
ZEC didn't touched our flag on time, but you can consider this trade finished or you can just put you stop loss almost on action price to defend your profits while also take any further gains in case it resumes downtrend. It reached a middle zone where behavior is undefined but a bearish bias is on place.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.