Damn it, $ZEC —why pull it up so high? The Air Force is going to suffer again.
Today, most of the mainstream coins are still under pressure, yet ZEC stubbornly pushed all the way to around $1,180. In 24 hours it surged more than 3% at one point, and the intraday high was close to $1,190.
This price action really doesn’t give the Air Force any face.
Earlier, ZEC already went through a round of wild pumping: on September 14, it surged more than 9% in a single day, then quickly dropped. Yesterday it even fell to around $1,080, but today it has pulled back above $1,100 again.
At this kind of level, chasing longs makes me even more cautious. The short-term has been experiencing wildly intense swings for days—don’t go all-in on shorts just because it’s going up. Wait for a clear rejection when it spikes, consider shorting then, and manage your position size well so ZEC doesn’t send the Air Force in again.
After all, this thing has really been specifically made to treat people who don’t know better.
Today, most of the mainstream coins are still under pressure, yet ZEC stubbornly pushed all the way to around $1,180. In 24 hours it surged more than 3% at one point, and the intraday high was close to $1,190.
This price action really doesn’t give the Air Force any face.
Earlier, ZEC already went through a round of wild pumping: on September 14, it surged more than 9% in a single day, then quickly dropped. Yesterday it even fell to around $1,080, but today it has pulled back above $1,100 again.
At this kind of level, chasing longs makes me even more cautious. The short-term has been experiencing wildly intense swings for days—don’t go all-in on shorts just because it’s going up. Wait for a clear rejection when it spikes, consider shorting then, and manage your position size well so ZEC doesn’t send the Air Force in again.
After all, this thing has really been specifically made to treat people who don’t know better.