Bitcoin’s market movement last night was completely disgusting, but shorting above 86,600 is a position with a very favorable risk-reward ratio. My short has already taken profit.
Next, look at ZEC and SanDisk—basically the走势 is the same. Especially for ZEC: I already said before that the daily chart was broken. You can’t go long at the high end. It directly broke below 1,300.
The SanDisk short is still being held. Next, we just need to wait for SanDisk. If you still have positions, you can reduce part of them.
Overall, it’s either fake data or good news that’s already exhausted and turned into bad news. While there are lots of people chasing highs, liquidity is also there—then just kill a wave of the chasing-long crowd.
ZEC’s downside is that on that day it hit 1,490, cleared out a stop-loss batch, and then fell again.
Next, look at ZEC and SanDisk—basically the走势 is the same. Especially for ZEC: I already said before that the daily chart was broken. You can’t go long at the high end. It directly broke below 1,300.
The SanDisk short is still being held. Next, we just need to wait for SanDisk. If you still have positions, you can reduce part of them.
Overall, it’s either fake data or good news that’s already exhausted and turned into bad news. While there are lots of people chasing highs, liquidity is also there—then just kill a wave of the chasing-long crowd.
ZEC’s downside is that on that day it hit 1,490, cleared out a stop-loss batch, and then fell again.
