$ZEC The positive catalysts are still there, but short-term traders are starting to take profits!
ZEC rebounded from around 1048 and briefly surged above 1360, but unfortunately failed to hold its gains and then fell back repeatedly. It is now hovering around 1253. This price action shows that positive news can attract buyers, but at higher levels some investors also choose to lock in profits.
On the news front, interest in privacy-focused projects remains strong. Zcash plans to upgrade its NU7 mainnet on November 5, with block times expected to decrease from 75 seconds to 25 seconds. However, expectations for an upgrade don't mean the price can only go up. In the short term, watch whether buyers can absorb the selling pressure again.
Trading plan: Prioritize shorting any short-term rebound. Consider opening a small short position around 1280–1300, with a stop-loss above 1320. Manage your position carefully.
The market may look bearish, but don't let your position get out of hand. Price levels are part of a plan, not a guarantee—always honor your stop-loss.
#zec #比特币跌破8.4万美元 #StockEarningsSeason
ZEC rebounded from around 1048 and briefly surged above 1360, but unfortunately failed to hold its gains and then fell back repeatedly. It is now hovering around 1253. This price action shows that positive news can attract buyers, but at higher levels some investors also choose to lock in profits.
On the news front, interest in privacy-focused projects remains strong. Zcash plans to upgrade its NU7 mainnet on November 5, with block times expected to decrease from 75 seconds to 25 seconds. However, expectations for an upgrade don't mean the price can only go up. In the short term, watch whether buyers can absorb the selling pressure again.
Trading plan: Prioritize shorting any short-term rebound. Consider opening a small short position around 1280–1300, with a stop-loss above 1320. Manage your position carefully.
The market may look bearish, but don't let your position get out of hand. Price levels are part of a plan, not a guarantee—always honor your stop-loss.
#zec #比特币跌破8.4万美元 #StockEarningsSeason