$ZEC Entered at 1240, exited at 1200—40 points of profit safely pocketed.
The logic behind this short was simple:
Grayscale ETFs continued to see net outflows. The Winklevosses did file an application for a new ETF, but the filing again mentioned the Orchard vulnerability. As soon as security concerns surfaced, the bulls stampeded for the exits.
With a technical breakdown and liquidations, and the broader market already weak, the downward momentum was clear—the short was the right call.
For more trading ideas on other cryptocurrencies, follow Gongming and get in touch at 聊天室! #美参议员调查CantorFitzgerald与Tether关系 #比特币跌破8.1万美元
The logic behind this short was simple:
Grayscale ETFs continued to see net outflows. The Winklevosses did file an application for a new ETF, but the filing again mentioned the Orchard vulnerability. As soon as security concerns surfaced, the bulls stampeded for the exits.
With a technical breakdown and liquidations, and the broader market already weak, the downward momentum was clear—the short was the right call.
For more trading ideas on other cryptocurrencies, follow Gongming and get in touch at 聊天室! #美参议员调查CantorFitzgerald与Tether关系 #比特币跌破8.1万美元