$ZEC — why it’s dangerous to rush in either direction
After a strong rally, $ZEC may experience two processes at once: signs of fading momentum and additional upward squeezes as short positions are closed.
A rounding-off in the price move and divergences draw attention to a possible correction, but they do not pinpoint the exact moment of a top. Selling against a strong trend can be just as uncomfortable as buying after a sharp acceleration.
The picture will become clearer after a confirmed change in structure, or after a correction followed by a recovery in demand. While the market is making sharp moves in both directions, potential profit should be weighed against the risk of ordinary price fluctuations.
After a strong rally, $ZEC may experience two processes at once: signs of fading momentum and additional upward squeezes as short positions are closed.
A rounding-off in the price move and divergences draw attention to a possible correction, but they do not pinpoint the exact moment of a top. Selling against a strong trend can be just as uncomfortable as buying after a sharp acceleration.
The picture will become clearer after a confirmed change in structure, or after a correction followed by a recovery in demand. While the market is making sharp moves in both directions, potential profit should be weighed against the risk of ordinary price fluctuations.