$ZEC
That last move must have made a lot of you shorters some serious money, huh? But when so many people are long, only a few come out ahead while many lose. It’s been moving pretty unrealistically for a while, so it’s understandable that people expect the price to rise. After following BTC’s trend and a lot of other news over the past few days, I had a feeling something would happen tonight. I think BTC could still move lower, but you shouldn’t chase a short on ZEC right now either. ZEC is pretty erratic, so I think it’s best to keep watching and make sure the trend is clear first. Only consider taking a position if the price shows signs of a sustained decline with high volume. Jumping in now could easily leave you caught in a bounce. It may not bounce much, but the psychological pressure will be high. Think very carefully about your choice. This is not financial investment advice.
$ZEC
That last move must have made a lot of you shorters some serious money, huh? But when so many people are long, only a few come out ahead while many lose. It’s been moving pretty unrealistically for a while, so it’s understandable that people expect the price to rise. After following BTC’s trend and a lot of other news over the past few days, I had a feeling something would happen tonight. I think BTC could still move lower, but you shouldn’t chase a short on ZEC right now either. ZEC is pretty erratic, so I think it’s best to keep watching and make sure the trend is clear first. Only consider taking a position if the price shows signs of a sustained decline with high volume. Jumping in now could easily leave you caught in a bounce. It may not bounce much, but the psychological pressure will be high. Think very carefully about your choice. This is not financial investment advice.
$ZEC