Privacy coins split hard today, and the split tells you this is stock picking, not a sector move. 📊
CoinGecko data checked at 14:00 PKT on 3 November shows Zcash down 10.75 percent in 24 hours to near 1,127 dollars, while Monero is up 2.37 percent to near 622 dollars, and NEAR is down 8.93 percent, one of the weakest majors of the day. 💥 My reading is that a 13 point gap between two privacy coins in the same red market means traders are selling specific stories, not the whole privacy theme, and Zcash giving back its recent strength while Monero holds green is the kind of divergence worth watching. In a fear market, the coins that hold green on a red day are usually the first ones traders return to.
Is Monero staying green real strength, or just one coin that has not fallen yet? 🤔
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#Crypto #Bitcoin #FuturesTrading #TradingSignals #Altcoins
CoinGecko data checked at 14:00 PKT on 3 November shows Zcash down 10.75 percent in 24 hours to near 1,127 dollars, while Monero is up 2.37 percent to near 622 dollars, and NEAR is down 8.93 percent, one of the weakest majors of the day. 💥 My reading is that a 13 point gap between two privacy coins in the same red market means traders are selling specific stories, not the whole privacy theme, and Zcash giving back its recent strength while Monero holds green is the kind of divergence worth watching. In a fear market, the coins that hold green on a red day are usually the first ones traders return to.
Is Monero staying green real strength, or just one coin that has not fallen yet? 🤔
Follow for more trades.
#Crypto #Bitcoin #FuturesTrading #TradingSignals #Altcoins
