Hmm, are you down?
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分析师舒琴
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Why is BCH still rising! Can ZEC drop down? It turns out the mastermind behind it is him?
1. First, let's talk about ZEC. The bullish momentum is very strong; they won't stop until they see results. It is expected that they will reach the resistance level near 560 before they start taking profits and then pull back. Half of this wave's success is credited to the big influencer Hayes.
2. The previous wave of ZEC's rise was also called by him, and after the hype passed, ZEC was left with a halved outcome. However, we need to have a strategy when shorting; we shouldn't short at just any point. My short position is shown in the chart; I placed it near 550 with 100,000 U, which is 20% of my 500,000 U position.
3. Since this coin requires a long-term plan, leverage cannot be too high; holding it at 1x and it just came down. However, I expect a nice pullback near the 560 resistance, for example, down to around 510. If I can catch a retracement, I will be satisfied.
4. Another reason why ZEC and BCH are strong is that mining company Bitmain is selling mining machines, and these two coins are mining coins. So they pump these mining coins to sell the "Z15 pro" mining machines. Before selling, these two coins were very strong, and after selling, they will take profits, so don’t catch the falling knife. If you chase it near the historical high, after they withdraw their investment, you will be stuck at the peak for years!
1. First, let's talk about ZEC. The bullish momentum is very strong; they won't stop until they see results. It is expected that they will reach the resistance level near 560 before they start taking profits and then pull back. Half of this wave's success is credited to the big influencer Hayes.
2. The previous wave of ZEC's rise was also called by him, and after the hype passed, ZEC was left with a halved outcome. However, we need to have a strategy when shorting; we shouldn't short at just any point. My short position is shown in the chart; I placed it near 550 with 100,000 U, which is 20% of my 500,000 U position.
3. Since this coin requires a long-term plan, leverage cannot be too high; holding it at 1x and it just came down. However, I expect a nice pullback near the 560 resistance, for example, down to around 510. If I can catch a retracement, I will be satisfied.
4. Another reason why ZEC and BCH are strong is that mining company Bitmain is selling mining machines, and these two coins are mining coins. So they pump these mining coins to sell the "Z15 pro" mining machines. Before selling, these two coins were very strong, and after selling, they will take profits, so don’t catch the falling knife. If you chase it near the historical high, after they withdraw their investment, you will be stuck at the peak for years!
Disclaimer: Includes third-party opinions. No advice. Binance AI may be used without guarantee. See T&Cs.