The worst feeling isn’t seeing it fall—it’s watching it rise while you don’t have a position. $ZEC is up 7.7% today, trading at 1,355.8, with the 24-hour high of 1,388.0 just in sight and trading volume at $316.1 million.
Even those holding it don’t feel entirely at ease with a rally like this: sure, it’s up, but at 7.7% in a day, you’re afraid of buying near the top if you chase it, yet worried it’ll keep climbing if you don’t. Put simply, the biggest dilemma right now isn’t the direction—it’s the timing. The faster it rises, the harder it is to pull the trigger.
I’m inclined to sit tight and wait for a pullback and confirmation, since it hasn’t truly broken above 1,388.0 yet. But if it holds above 1,388.0 on strong volume, I’ll change my mind immediately. That would show this isn’t just a one-day rally, and if I miss it, I’ll have really missed out.
At this price, who’s more anxious—the people holding it or the ones who aren’t?
#ZEC #Market Analysis
Even those holding it don’t feel entirely at ease with a rally like this: sure, it’s up, but at 7.7% in a day, you’re afraid of buying near the top if you chase it, yet worried it’ll keep climbing if you don’t. Put simply, the biggest dilemma right now isn’t the direction—it’s the timing. The faster it rises, the harder it is to pull the trigger.
I’m inclined to sit tight and wait for a pullback and confirmation, since it hasn’t truly broken above 1,388.0 yet. But if it holds above 1,388.0 on strong volume, I’ll change my mind immediately. That would show this isn’t just a one-day rally, and if I miss it, I’ll have really missed out.
At this price, who’s more anxious—the people holding it or the ones who aren’t?
#ZEC #Market Analysis