Is shorting ZEC still reasonable right now?
With a market cap of about $24.47 billion, it’s still up roughly 26% over the past 7 days.
If I were making a trading plan, I wouldn’t treat this as the complete trade logic:
“ZEC has risen too much → short it directly now.”
I would wait for confirmation signals.
For example:
First type: $1,590–$1,600 push higher again
→ can’t break through → a clear reversal appears
This is “shorting at the resistance zone.”
Or:
Second type: break below $1,200 → the rebound can’t get back above
→ short again. This is “shorting after trend confirmation.”
Even more conservative:
A drop below $1,100 → $1,100/$1,200 turns into resistance → short
At this point, you’re not guessing the top—you’re trading a broken structure.
However, there is one very important counterargument:
Zcash itself still has recent event catalysts.
The Zcash community has recently approved a proposal to shorten block time to 25 seconds,
while keeping the original halving schedule unchanged;
the currently published NU7 timeline is October 6 for the testnet,
November 5 for the mainnet.
That means: if you short ZEC now, you’re not only shorting the technicals,
you’re also betting against a coin that still has narrative and event catalysts.$ZEC #NU7升级
With a market cap of about $24.47 billion, it’s still up roughly 26% over the past 7 days.
If I were making a trading plan, I wouldn’t treat this as the complete trade logic:
“ZEC has risen too much → short it directly now.”
I would wait for confirmation signals.
For example:
First type: $1,590–$1,600 push higher again
→ can’t break through → a clear reversal appears
This is “shorting at the resistance zone.”
Or:
Second type: break below $1,200 → the rebound can’t get back above
→ short again. This is “shorting after trend confirmation.”
Even more conservative:
A drop below $1,100 → $1,100/$1,200 turns into resistance → short
At this point, you’re not guessing the top—you’re trading a broken structure.
However, there is one very important counterargument:
Zcash itself still has recent event catalysts.
The Zcash community has recently approved a proposal to shorten block time to 25 seconds,
while keeping the original halving schedule unchanged;
the currently published NU7 timeline is October 6 for the testnet,
November 5 for the mainnet.
That means: if you short ZEC now, you’re not only shorting the technicals,
you’re also betting against a coin that still has narrative and event catalysts.$ZEC #NU7升级
