If you are still shorting privacy coins into aggressive momentum, stop before you wipe your account.
Watching a massive unrealized drawdown stack up in minutes is the quickest way to ruin your trading psychology. Most traders try to pick tops on legacy assets like $ZEC, only to get trapped on the wrong side of sharp trend reversals.
Just look at what happened to this perp position holding an unrealized loss of -$80,463 USDT while $ZEC was only printing a -6.57% move. The crowd loves to argue that older privacy narratives like $XMR or Zcash are dead weight in modern market cycles, making them easy targets to short aggressively.
The other side of the trade believes low liquidity and sudden short squeezes make fading these moves pure suicide. When momentum shifts, forced liquidations trigger violent vertical wicks that leave late shorters completely stranded.
Where do you think this goes from here?
#CryptoTrading #ZEC #FuturesTrading
Watching a massive unrealized drawdown stack up in minutes is the quickest way to ruin your trading psychology. Most traders try to pick tops on legacy assets like $ZEC, only to get trapped on the wrong side of sharp trend reversals.
Just look at what happened to this perp position holding an unrealized loss of -$80,463 USDT while $ZEC was only printing a -6.57% move. The crowd loves to argue that older privacy narratives like $XMR or Zcash are dead weight in modern market cycles, making them easy targets to short aggressively.
The other side of the trade believes low liquidity and sudden short squeezes make fading these moves pure suicide. When momentum shifts, forced liquidations trigger violent vertical wicks that leave late shorters completely stranded.
Where do you think this goes from here?
#CryptoTrading #ZEC #FuturesTrading
