$ZEC Short-term bearish—go short, go short!
Direction: Short
Entry: 1250–1280 (limit order)
Take profit: 1230–1200
Reasons for entering the position:
1. Rising valuation concerns: Samson Mow questioned Zcash’s high valuation, saying it lacked the speculative capital to support a market cap of over $22 billion and warning of a reversion to the mean.
2. Institutional outflows: The Grayscale Zcash Fund saw its first net outflow this week, totaling $93 million, as institutions took profits in stages.
3. Diverging capital flows: The broader market’s Fear & Greed Index is at 64, but ZEC is seeing outflows and weakening independently.
4. Bears in control: Around 160,000 ZEC in short positions above 1498 are awaiting liquidation, compared with just 84,000 ZEC in long positions. #FrenchHill敦促跛脚鸭会期通过CLARITY法案
Want specific take-profit or stop-loss levels? Join the chat room! #zec
Direction: Short
Entry: 1250–1280 (limit order)
Take profit: 1230–1200
Reasons for entering the position:
1. Rising valuation concerns: Samson Mow questioned Zcash’s high valuation, saying it lacked the speculative capital to support a market cap of over $22 billion and warning of a reversion to the mean.
2. Institutional outflows: The Grayscale Zcash Fund saw its first net outflow this week, totaling $93 million, as institutions took profits in stages.
3. Diverging capital flows: The broader market’s Fear & Greed Index is at 64, but ZEC is seeing outflows and weakening independently.
4. Bears in control: Around 160,000 ZEC in short positions above 1498 are awaiting liquidation, compared with just 84,000 ZEC in long positions. #FrenchHill敦促跛脚鸭会期通过CLARITY法案
Want specific take-profit or stop-loss levels? Join the chat room! #zec