$ZEC Short decisively! More than 530 of the 899 long positions are losing money. Those of you trapped at the highs—what are you waiting for?
The longs as a whole appear to be up more than 67 million, but all those profits are concentrated in the hands of a small number of early holders. The remaining 530-plus longs opened at high prices and are enduring floating losses every day, waiting to break even.
The biggest mistake retail traders make when they're trapped is stubbornly holding on as their losses grow, turning a small loss into a deep one. But the profitable holders at the bottom aren't going to take pity on you and wait it out—they could dump their positions and cash out at any moment. When this group sells, you 530-plus traders will only end up buried even deeper.
The moment everyone lines up to cut their losses is when the market will accelerate downward. I've already positioned my short in advance
$TAC
$ETH
The longs as a whole appear to be up more than 67 million, but all those profits are concentrated in the hands of a small number of early holders. The remaining 530-plus longs opened at high prices and are enduring floating losses every day, waiting to break even.
The biggest mistake retail traders make when they're trapped is stubbornly holding on as their losses grow, turning a small loss into a deep one. But the profitable holders at the bottom aren't going to take pity on you and wait it out—they could dump their positions and cash out at any moment. When this group sells, you 530-plus traders will only end up buried even deeper.
The moment everyone lines up to cut their losses is when the market will accelerate downward. I've already positioned my short in advance
$TAC
$ETH
