Today, starting to rebound at #zec , continuing to slowly scale back my shorts. The first wave of shorts at $ZEC was during last year's bear market shift, the second wave was during the mid-point rebound of the second quarter bear market, and now I'm preparing for the third wave, aiming to hold until the end of the bear. My OK account is also building shorts, but my gate account hasn't moved yet; I'll only open shorts once the rebound hits above 480. The main upward trend for ZEC has ended, and the primary downward trend will kick in for the second half of the year. Building positions during this rebound is much safer than during the previous main upward trend, and the rebound cycle won't be too long—maxing out at about a week, unlike the previous upward trend that dragged on for two or three months. The recent funding fees during the rebound will definitely be higher than before, but all within acceptable limits, totaling no more than 2% in funding fees over six months. $HYPE is also slowly building back shorts; the main upward trend has ended, and there's basically no pressure to break new highs like before, with the primary trend downward for the second half of the year.
$BTC has already broken support; after the weak rebound, it will continue to head below 60k, and at that time, altcoins will be in a bloodbath. I'll start building spot positions once Bitcoin finishes its final large C wave.
There have always been comments about why I short the strongest market assets like HYPE and ZEC. I believe there's no need to mess around with those hot coins in contracts. Since last year, I've consistently traded HYPE and ZEC, gradually getting familiar with the market rhythm and the strategies of the whales. No matter how strong a coin is, every main upward trend has to come to an end. I stick to low leverage to control my liquidation price and patiently wait for opportunities to feast. Even without this recent issuance panic, ZEC would have ended its main upward trend due to other negative factors; the adjustment wouldn't be as deep, though.
Frequently trading unfamiliar coins carries significant risk, especially with small-cap coins that can pump 70% in a day or double in just a few days, which can lead to daily funding fees of 20%. A few days of sideways action at high prices can eat away at a large portion of your principal due to funding fees. HYPE and ZEC are both large-cap coins with market caps in the billions. During a bear market, a main upward trend that doubles or triples is already the limit, and yearly funding fee losses won’t exceed 2%, which is why I consistently trade these two. There are countless examples within the community of people making millions only to lose everything in a liquidation. Chasing extreme profits in the contract market has never been the most important thing; surviving long-term is the key. Approach the contract market with respect and tread carefully.
$BTC has already broken support; after the weak rebound, it will continue to head below 60k, and at that time, altcoins will be in a bloodbath. I'll start building spot positions once Bitcoin finishes its final large C wave.
There have always been comments about why I short the strongest market assets like HYPE and ZEC. I believe there's no need to mess around with those hot coins in contracts. Since last year, I've consistently traded HYPE and ZEC, gradually getting familiar with the market rhythm and the strategies of the whales. No matter how strong a coin is, every main upward trend has to come to an end. I stick to low leverage to control my liquidation price and patiently wait for opportunities to feast. Even without this recent issuance panic, ZEC would have ended its main upward trend due to other negative factors; the adjustment wouldn't be as deep, though.
Frequently trading unfamiliar coins carries significant risk, especially with small-cap coins that can pump 70% in a day or double in just a few days, which can lead to daily funding fees of 20%. A few days of sideways action at high prices can eat away at a large portion of your principal due to funding fees. HYPE and ZEC are both large-cap coins with market caps in the billions. During a bear market, a main upward trend that doubles or triples is already the limit, and yearly funding fee losses won’t exceed 2%, which is why I consistently trade these two. There are countless examples within the community of people making millions only to lose everything in a liquidation. Chasing extreme profits in the contract market has never been the most important thing; surviving long-term is the key. Approach the contract market with respect and tread carefully.
