$ZEC Against the bleak backdrop of the entire crypto

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--Bearish

$ZEC
Against the bleak backdrop of the entire crypto market, zec somehow managed to rally against the trend—and on top of that, it was a large-cap move. You have to admire it 🤣

According to the plan, I started shorting in batches at 1200–1300 🤔

黄粱一梦

ZEC seems to be at the top for now. From the daily chart, starting September 10 there was heavy-volume selling and a drop.

Although on September 11 there was a rebound on heavy volume—its trading volume even exceeded that of September 10—on September 13 there was again a heavy-volume selloff, while yesterday’s rebound volume was clearly shrinking.

In short: the decline was on expanding volume, while the rebound was on shrinking volume.

This suggests that sell pressure is gradually taking the lead, and the earlier top-related price-volume divergence is also being confirmed by sell-side signals.

Therefore, I think the probability that ZEC has already topped is significantly higher.

Next, if Bitcoin continues to rebound, ZEC may also follow the rebound and test the previous high of 1296 again.

So I plan to use the rebound to place staggered orders to add to a short position in the 1200–1300 range.
$ZEC #SEC主席敦促国会推进CLARITY法案

Disclaimer: Includes third-party opinions. No advice. Binance AI may be used without guarantee. See T&Cs.

ZEC+6.20%