🔥Brothers, at this position in ZEC, it really is not the time to rush into shorting!
The daily chart has already shown a very clear strong trend, with the current price around 1181, just having surged to a new high of 1257.
MA7 > MA25 > MA99, with all moving averages pointing upward, a classic bullish alignment.
And this rally is not being driven by weak-volume pumping either; trading volume has clearly expanded, indicating that funds are still flowing in continuously.
More importantly, after ZEC broke above $1000 recently, shorts have been continuously squeezed, making it very easy for the short-term move to continue forcing liquidations.
Technically, although RSI is already near 80 and KDJ is also severely overbought, overbought does not mean an immediate drop.
In a strong trend, indicators can remain stretched for a long time; the more people think “it has risen too much,” the easier it is to get squeezed the other way.
The fundamentals also provide support: Zcash completed its Ironwood upgrade at the end of July, and the new privacy pool and supply verification mechanisms are already live.
So the biggest risk in shorting right now is not being wrong on direction, but getting squeezed before the trend ends.
If the short-term pullback to around 1100-1150 can hold, then it is actually worth focusing on whether bulls are still absorbing supply.
What truly deserves caution is a heavy-volume break below 1100, which is when a decent technical correction may begin.
At this stage, it is better to wait for a clear sign of weakening than to blindly short the top just because “it has risen too much.”
#ZECUSDT #zec $ZEC
The daily chart has already shown a very clear strong trend, with the current price around 1181, just having surged to a new high of 1257.
MA7 > MA25 > MA99, with all moving averages pointing upward, a classic bullish alignment.
And this rally is not being driven by weak-volume pumping either; trading volume has clearly expanded, indicating that funds are still flowing in continuously.
More importantly, after ZEC broke above $1000 recently, shorts have been continuously squeezed, making it very easy for the short-term move to continue forcing liquidations.
Technically, although RSI is already near 80 and KDJ is also severely overbought, overbought does not mean an immediate drop.
In a strong trend, indicators can remain stretched for a long time; the more people think “it has risen too much,” the easier it is to get squeezed the other way.
The fundamentals also provide support: Zcash completed its Ironwood upgrade at the end of July, and the new privacy pool and supply verification mechanisms are already live.
So the biggest risk in shorting right now is not being wrong on direction, but getting squeezed before the trend ends.
If the short-term pullback to around 1100-1150 can hold, then it is actually worth focusing on whether bulls are still absorbing supply.
What truly deserves caution is a heavy-volume break below 1100, which is when a decent technical correction may begin.
At this stage, it is better to wait for a clear sign of weakening than to blindly short the top just because “it has risen too much.”
#ZECUSDT #zec $ZEC
