Why I didn’t close $ZEC at -$35
Hello, dear friends!
The short #ZECUSDT is open at 1,319.84 USDT. The current price is about 1,419 USDT; the loss is -65 USDT, ROI -14%, leverage 2x. Liquidation is at 1,961.50 USDT.
The main question: why didn’t I close the position when the loss was about $35?
I was waiting for a drop to 1,284 USDT. The price went against me, but I decided to wait. In the end, the loss nearly doubled.
Right now, the picture is ambiguous.
On the 15M chart, the price is around 1,420 USDT, practically at AVL 1,420.67. After falling to 1,357 USDT, ZEC recovered.
On the 4H chart, the price is above AVL 1,389.74, but below SAR 1,624.25 and Supertrend 1,575.24.
On the daily chart, the price is holding above AVL 1,399.96 and Supertrend 1,203.82, but SAR is at 1,693.86.
On futures, open interest grew by roughly from 453 to 458 thousand ZEC, and nominal OI increased from 620 to 648 million USDT.
For the positions of the top traders Long/Short, it’s about 1.29—meaning longs are in the majority. Funding is +0.01000%, long positions are paying shorts.
My key levels:
1,444 and 1,483 USDT at the top.
1,375 and 1,357 USDT at the bottom.
For now, I’m continuing to hold the short and waiting for 1,284 USDT. But now I’m looking at the situation much more strictly.
My mistake was not that the market moved against the position. I saw -35 dollars, decided to wait, and allowed the loss to grow to almost double.
#ZEC #ZECUSDT #cryptotrading
Hello, dear friends!
The short #ZECUSDT is open at 1,319.84 USDT. The current price is about 1,419 USDT; the loss is -65 USDT, ROI -14%, leverage 2x. Liquidation is at 1,961.50 USDT.
The main question: why didn’t I close the position when the loss was about $35?
I was waiting for a drop to 1,284 USDT. The price went against me, but I decided to wait. In the end, the loss nearly doubled.
Right now, the picture is ambiguous.
On the 15M chart, the price is around 1,420 USDT, practically at AVL 1,420.67. After falling to 1,357 USDT, ZEC recovered.
On the 4H chart, the price is above AVL 1,389.74, but below SAR 1,624.25 and Supertrend 1,575.24.
On the daily chart, the price is holding above AVL 1,399.96 and Supertrend 1,203.82, but SAR is at 1,693.86.
On futures, open interest grew by roughly from 453 to 458 thousand ZEC, and nominal OI increased from 620 to 648 million USDT.
For the positions of the top traders Long/Short, it’s about 1.29—meaning longs are in the majority. Funding is +0.01000%, long positions are paying shorts.
My key levels:
1,444 and 1,483 USDT at the top.
1,375 and 1,357 USDT at the bottom.
For now, I’m continuing to hold the short and waiting for 1,284 USDT. But now I’m looking at the situation much more strictly.
My mistake was not that the market moved against the position. I saw -35 dollars, decided to wait, and allowed the loss to grow to almost double.
#ZEC #ZECUSDT #cryptotrading