The last wave said that those who were optimistic about $ZEC being above 1000, how are things now?
In the past few months, the strongest market trend for altcoins has been ZEC, which has been on an independent trend. However, with a large number of whales shorting and project teams taking profits at the bottom, the change of hands has led to a significant drop recently, and many retail investors who chased high have been wiped out. You can benchmark this coin against the previous $FIL to understand.
Until the day before yesterday, ZEC stabilized at the last key support level of 300 on the daily chart, and a new round of funds entering the market for bottom-fishing has led to a reversal.
Therefore, Uncle Yao has always emphasized that no matter what, we must think and analyze calmly. Do not blindly FOMO; precise control over positioning for long-term stability is the right path!
I am Uncle Yao, an old investor who loves to research quality projects. If you like my insights, please like and follow ➕ chat room!
