$ZEC Got a lot of retail traders out of their LONGs with that latest drop. đ
But look at where the big players got in.
Whale longs entered around $920, so even after this pullback, theyâre still sitting on solid profits. Meanwhile, the big shorts entered around $1,248, and price is now back near their entry.
That changes the picture a little.
The late buyers got shaken out, some selling pressure has eased, and the market is getting close to a point where a relief bounce could develop.
Iâm not calling for another straight-up rally here, but after a flush like this, a small LONG for a bounce is worth considering.
$ZEC has already punished the late longs. Now letâs see if buyers step back in. đâŹïž
But look at where the big players got in.
Whale longs entered around $920, so even after this pullback, theyâre still sitting on solid profits. Meanwhile, the big shorts entered around $1,248, and price is now back near their entry.
That changes the picture a little.
The late buyers got shaken out, some selling pressure has eased, and the market is getting close to a point where a relief bounce could develop.
Iâm not calling for another straight-up rally here, but after a flush like this, a small LONG for a bounce is worth considering.
$ZEC has already punished the late longs. Now letâs see if buyers step back in. đâŹïž