ZEC retraces 21%—don’t turn a small loss into a big one
Last week I shorted ZEC and lost a month’s salary. This month I flipped to long and ended up putting another month’s salary in—my timing was completely reversed.
Now ZEC has fallen from 1698 to 1333, a 21% drawdown. RSI is still 50.2, ADX is at 52.0. On-chain, about 2700 ZEC have entered a blacklisted pool, and the ETF is being withdrawn while on-chain funds are moving. It previously surged from 480 to 1698—an increase of over 250%. So this 21% pullback isn’t really that deep. Whether it’s a normal correction or a trend reversal still needs more observation.
The market won’t necessarily bounce back just because you’ve lost three months’ worth of salary.
For support, some people treat 1233 as the key level, but once it breaks below 1200, don’t go crazy chasing shorts. The more violently these “wild” coins fall, the more likely they are to suddenly print a big bullish candle.
Don’t turn a small loss into a big loss—those are the four most expensive words.
$ZEC $BTC
#行情 #Trading心得
Last week I shorted ZEC and lost a month’s salary. This month I flipped to long and ended up putting another month’s salary in—my timing was completely reversed.
Now ZEC has fallen from 1698 to 1333, a 21% drawdown. RSI is still 50.2, ADX is at 52.0. On-chain, about 2700 ZEC have entered a blacklisted pool, and the ETF is being withdrawn while on-chain funds are moving. It previously surged from 480 to 1698—an increase of over 250%. So this 21% pullback isn’t really that deep. Whether it’s a normal correction or a trend reversal still needs more observation.
The market won’t necessarily bounce back just because you’ve lost three months’ worth of salary.
For support, some people treat 1233 as the key level, but once it breaks below 1200, don’t go crazy chasing shorts. The more violently these “wild” coins fall, the more likely they are to suddenly print a big bullish candle.
Don’t turn a small loss into a big loss—those are the four most expensive words.
$ZEC $BTC
#行情 #Trading心得