source avatarJay Nisbett

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$ZEC Taking some very short term longs. Out of that short for over 25R - only $4 drawdown. I am anticipating that we are about to see some volatility with a rally into into weekly close. Would like for $1,420-1,430 to hold if so. Lower probability, but possible that we bounce off this blue downtrend to $1,510-$1,570. Possible we could see a sweep of the current highs if I am right on this rally... But I'd think some time over next 8 days a top is put in, if not already. Expecting that if we do get a pump, it turns into a massive rejection to continue see the quoted play out on longer time frames. Which means I can go back in the short with more size. Invalidation for me is a close above highs on weekly chart.

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