$ZEC still the privacy sector leading figure; the heat capital is still very concentrated!!
In this wave, Grayscale institutions are acting as the driving force—pushing the ETF expectation really took ZEC to a new height, and it also helped ZEC regain its footing at $1,200. After yesterday’s attempt to break through $1,300, the price pulled back. Now it’s about where the short-term dip will digest to next!!
Ms. Min has been emphasizing recently that ZEC can’t be short. Even if you’re bearish, you shouldn’t short it—risk is too high. If ZEC goes berserk, it will only further consume retail investors’ principal. The “patient bull” capital is a good example: they shorted ZEC at 1160 and lost 18wu; now tomorrow they won’t have any “screenshots” to flaunt anymore, hahaha.
Personal suggestion: In the short term, first see whether $1,200 can hold. If it holds, you can take a small long position. If it fails to hold, then in the short term ZEC will likely pull back to around $1,140. So retail investors should keep a close watch on key levels; later, if there’s a suitable entry point, it will be updated immediately.
In this wave, Grayscale institutions are acting as the driving force—pushing the ETF expectation really took ZEC to a new height, and it also helped ZEC regain its footing at $1,200. After yesterday’s attempt to break through $1,300, the price pulled back. Now it’s about where the short-term dip will digest to next!!
Ms. Min has been emphasizing recently that ZEC can’t be short. Even if you’re bearish, you shouldn’t short it—risk is too high. If ZEC goes berserk, it will only further consume retail investors’ principal. The “patient bull” capital is a good example: they shorted ZEC at 1160 and lost 18wu; now tomorrow they won’t have any “screenshots” to flaunt anymore, hahaha.
Personal suggestion: In the short term, first see whether $1,200 can hold. If it holds, you can take a small long position. If it fails to hold, then in the short term ZEC will likely pull back to around $1,140. So retail investors should keep a close watch on key levels; later, if there’s a suitable entry point, it will be updated immediately.
