$ZEC is approaching a new high around $1,300—what should retail investors do now?🔥
Yesterday, ZEC surged against the trend, topping out at $1,297.5. It’s basically just one last push away from $1,300. Late last night, Ha Tang also gave long-side targets ahead of time—aiming for $1,300—so this move was basically nailed precisely.
Now the price has pulled back to around $1,240. A lot of followers are starting to ask: if it spikes up to around $1,300 and then gets dumped again, isn’t that the top?
I don’t think we’re there yet.
This ZEC move is still extremely strong. It already set a decade-high earlier, with a one-year gain of over 2,400%. The current pullback looks more like digestion at high levels than a trend reversal.
More importantly, the shorting “whale” is still continuously adding to shorts. The funding rate is still negative, which suggests there are still plenty of bearish participants in the market. In a strong行情 like this for ZEC, the more crowded the shorts, the easier it is for any further upside to turn liquidations into fuel for the bulls.
So my plan is very clear right now: don’t chase. Wait for the pullback, then look for longs.
For a more conservative approach, you can watch the area around $1,225. Enter again after the pullback stabilizes. For short-term targets, first look at $1,280–$1,295. After a renewed breakout above $1,300, then we can consider higher levels.
It’s not time to turn bearish yet. What we truly need to watch out for is the funding rate turning positive and open interest clearly reversing direction. Until then, any ZEC dip, I’ll continue to treat as an opportunity to buy🔥
$TAO $VVV #ZCSH资产规模突破5亿美元 #灰度ZcashETF资产突破5亿美元
Yesterday, ZEC surged against the trend, topping out at $1,297.5. It’s basically just one last push away from $1,300. Late last night, Ha Tang also gave long-side targets ahead of time—aiming for $1,300—so this move was basically nailed precisely.
Now the price has pulled back to around $1,240. A lot of followers are starting to ask: if it spikes up to around $1,300 and then gets dumped again, isn’t that the top?
I don’t think we’re there yet.
This ZEC move is still extremely strong. It already set a decade-high earlier, with a one-year gain of over 2,400%. The current pullback looks more like digestion at high levels than a trend reversal.
More importantly, the shorting “whale” is still continuously adding to shorts. The funding rate is still negative, which suggests there are still plenty of bearish participants in the market. In a strong行情 like this for ZEC, the more crowded the shorts, the easier it is for any further upside to turn liquidations into fuel for the bulls.
So my plan is very clear right now: don’t chase. Wait for the pullback, then look for longs.
For a more conservative approach, you can watch the area around $1,225. Enter again after the pullback stabilizes. For short-term targets, first look at $1,280–$1,295. After a renewed breakout above $1,300, then we can consider higher levels.
It’s not time to turn bearish yet. What we truly need to watch out for is the funding rate turning positive and open interest clearly reversing direction. Until then, any ZEC dip, I’ll continue to treat as an opportunity to buy🔥
$TAO $VVV #ZCSH资产规模突破5亿美元 #灰度ZcashETF资产突破5亿美元
