🤣 Holy crap, ZEC is crushing it! Up 10% in a day—is it time to sell at the top? What should you do with Bitcoin now? Let’s take a look.
1. First, let’s talk about ZEC. Things are looking up. After plunging 40% over the past few weeks, it had pretty much finished correcting, so a rebound was only natural. What I didn’t expect was a 10% bounce in a single day! So the question is: can ZEC go even higher?
2. Looking at the charts, ZEC’s first resistance is around 1,300, with strong resistance near 1,450. So the rebound is now approaching that first resistance. If you’re using high leverage, you can take some profits—that’s perfectly reasonable. You could even take some profits on your spot holdings and see if there’s a decent pullback to buy into again.
3. But if ZEC rises to 1,450, I won’t be bullish on it in the short term. I might even consider flipping short for a while. There’s still a lot of resistance around 1,450, with nearly 100 million worth of sell orders sitting there. Yesterday, when ZEC was at 1,130, Shuqin saw a lot of money coming in. And with Bitcoin entering a rebound phase, ZEC could catch up too. That’s why I told everyone to buy the dip in ZEC—and look, the results were immediate. Trust me, I know what I’m talking about!
4. As for Bitcoin, there’s no doubt that around 80,000 is strong support. As shown in the chart, Shuqin posted about buying the dip and going long here on the 14th and 15th. But the market moved so slowly that it took a whole week just to rebound to the 84,000 target. So the question is: should you take profits?
5. This 84,000 resistance has already been tested three times, and it looks like there’s a decent chance of breaking through on the fourth attempt. But if you want to play it safe, you can consider taking profits on your futures positions, especially those with high leverage. Personally, I have 30% in short-term positions and 70% in long-term holdings. I’m still holding my long-term position; the plan hasn’t changed. I’m holding through next year, with a target of 100,000+!
6. Thinking about it, Bitcoin’s recent sideways action has really put everyone through the wringer. Shuqin feels for you too. But the outcome has been good: you bought in aggressively around 80,000, and congratulations—you’ve got your first round of profits. Shuqin will keep at it too, looking for opportunities like ZEC and placing trades aggressively every day~
1. First, let’s talk about ZEC. Things are looking up. After plunging 40% over the past few weeks, it had pretty much finished correcting, so a rebound was only natural. What I didn’t expect was a 10% bounce in a single day! So the question is: can ZEC go even higher?
2. Looking at the charts, ZEC’s first resistance is around 1,300, with strong resistance near 1,450. So the rebound is now approaching that first resistance. If you’re using high leverage, you can take some profits—that’s perfectly reasonable. You could even take some profits on your spot holdings and see if there’s a decent pullback to buy into again.
3. But if ZEC rises to 1,450, I won’t be bullish on it in the short term. I might even consider flipping short for a while. There’s still a lot of resistance around 1,450, with nearly 100 million worth of sell orders sitting there. Yesterday, when ZEC was at 1,130, Shuqin saw a lot of money coming in. And with Bitcoin entering a rebound phase, ZEC could catch up too. That’s why I told everyone to buy the dip in ZEC—and look, the results were immediate. Trust me, I know what I’m talking about!
4. As for Bitcoin, there’s no doubt that around 80,000 is strong support. As shown in the chart, Shuqin posted about buying the dip and going long here on the 14th and 15th. But the market moved so slowly that it took a whole week just to rebound to the 84,000 target. So the question is: should you take profits?
5. This 84,000 resistance has already been tested three times, and it looks like there’s a decent chance of breaking through on the fourth attempt. But if you want to play it safe, you can consider taking profits on your futures positions, especially those with high leverage. Personally, I have 30% in short-term positions and 70% in long-term holdings. I’m still holding my long-term position; the plan hasn’t changed. I’m holding through next year, with a target of 100,000+!
6. Thinking about it, Bitcoin’s recent sideways action has really put everyone through the wringer. Shuqin feels for you too. But the outcome has been good: you bought in aggressively around 80,000, and congratulations—you’ve got your first round of profits. Shuqin will keep at it too, looking for opportunities like ZEC and placing trades aggressively every day~