Why Brother Chai doesn’t recommend shorting $UNITREE Yushu Technology, and instead recommends the leading project in the privacy sector $ZEC
In the previous post, I shared an update on Yushu Technology’s current trend and explained that its high fees make it poor value for money.
1. Based on current order-book activity, quite a few traders have placed long orders in the 1182–1200 range, indicating that substantial funds are defending the price below 1200. The short-term support zone is 1210–1230.
2. Around November 5, the NU7 mainnet upgrade will be activated. The market will certainly speculate ahead of time, quickly driving prices up.
3. Recent whale activity also shows cumulative spot purchases of $3.8 million, along with $10.16 million in ZEC long positions using 2x leverage. In the short term, the bias is still bullish.
4. Grayscale’s ETF attracted $1 billion in inflows during its first month, indicating that quite a few whales and institutions are bullish on ZEC.
These are the main reasons Brother Chai is bullish on ZEC. The current price is 1266; you can place a long order in the 1230–1240 range.
#zec #宇树科技 #Unitree
In the previous post, I shared an update on Yushu Technology’s current trend and explained that its high fees make it poor value for money.
1. Based on current order-book activity, quite a few traders have placed long orders in the 1182–1200 range, indicating that substantial funds are defending the price below 1200. The short-term support zone is 1210–1230.
2. Around November 5, the NU7 mainnet upgrade will be activated. The market will certainly speculate ahead of time, quickly driving prices up.
3. Recent whale activity also shows cumulative spot purchases of $3.8 million, along with $10.16 million in ZEC long positions using 2x leverage. In the short term, the bias is still bullish.
4. Grayscale’s ETF attracted $1 billion in inflows during its first month, indicating that quite a few whales and institutions are bullish on ZEC.
These are the main reasons Brother Chai is bullish on ZEC. The current price is 1266; you can place a long order in the 1230–1240 range.
#zec #宇树科技 #Unitree
