$ZEC Consider going long after a pullback; don't rush to chase the price right now!
It briefly fell to around $1,195 this morning, then gradually stabilized before rising again to around $1,234 in the afternoon. However, there is clearly still resistance at this level, and pushing higher won't be easy. Also, the market tends to be quiet over the weekend, with less active trading, so the chances of a sharp move in either direction in the short term are relatively low—but we shouldn't let our guard down.
Brother Chuan took a look. After the rally, there are still signs of capital outflows, suggesting that some people are taking profits. Whether it can keep rising will largely depend on whether new money comes in to absorb the selling. $SNDK
So Brother Chuan's view is simple: don't rush to chase the price. Wait for a pullback and for it to stabilize, then consider opening a small long position. There are opportunities in the market every day; there's no need to put yourself in a passive position just to grab this one move. $ETH #STRKRisesAbout20%In24Hours #BitcoinReboundsTo$83K
It briefly fell to around $1,195 this morning, then gradually stabilized before rising again to around $1,234 in the afternoon. However, there is clearly still resistance at this level, and pushing higher won't be easy. Also, the market tends to be quiet over the weekend, with less active trading, so the chances of a sharp move in either direction in the short term are relatively low—but we shouldn't let our guard down.
Brother Chuan took a look. After the rally, there are still signs of capital outflows, suggesting that some people are taking profits. Whether it can keep rising will largely depend on whether new money comes in to absorb the selling. $SNDK
So Brother Chuan's view is simple: don't rush to chase the price. Wait for a pullback and for it to stabilize, then consider opening a small long position. There are opportunities in the market every day; there's no need to put yourself in a passive position just to grab this one move. $ETH #STRKRisesAbout20%In24Hours #BitcoinReboundsTo$83K