$ZEC with 1200 knives—do you still dare to buy?
Currently the market cap has reached 20 billion, and it’s fair to say ZEC is the absolute dark horse of this round of the market. Most of the people who criticize it are the ones who shorted and fought positions early against the big whale (opening a position of 444u). And this whale added another 700 ZEC at 1195 dollars (total holdings now 39,700 ZEC), worth 47 million USD.
Right now, the privacy sector in the market is completely polarized. Grayscale institutions currently hold the #1 position and have launched the ZCSH trust to attract a large amount of capital to buy in. Combined with the ongoing hype narrative and positives like ETF launch, the momentum keeps stretching. Also, from the daily-chart trend, this move has reached a short-term strong resistance. Today, inflows went into other sectors more than before, but the pullback hasn’t been very strong, and there’s no sign of large-scale selling on-chain. If it can hold steady around 1150, it’s very likely to break through again and liquidate short positions.
Spot trading isn’t recommended to chase at this level—the risk-reward is too poor. For swing contracts, you may consider going long on a pullback.
Brothers, what do you think?
#zec
Currently the market cap has reached 20 billion, and it’s fair to say ZEC is the absolute dark horse of this round of the market. Most of the people who criticize it are the ones who shorted and fought positions early against the big whale (opening a position of 444u). And this whale added another 700 ZEC at 1195 dollars (total holdings now 39,700 ZEC), worth 47 million USD.
Right now, the privacy sector in the market is completely polarized. Grayscale institutions currently hold the #1 position and have launched the ZCSH trust to attract a large amount of capital to buy in. Combined with the ongoing hype narrative and positives like ETF launch, the momentum keeps stretching. Also, from the daily-chart trend, this move has reached a short-term strong resistance. Today, inflows went into other sectors more than before, but the pullback hasn’t been very strong, and there’s no sign of large-scale selling on-chain. If it can hold steady around 1150, it’s very likely to break through again and liquidate short positions.
Spot trading isn’t recommended to chase at this level—the risk-reward is too poor. For swing contracts, you may consider going long on a pullback.
Brothers, what do you think?
#zec
ZEC看多少？
14%
600
42%
1500
44%
218 votes • Voting closed
