$ZEC
For those sitting on unrealized profits in Zcash, or those thinking about getting in, I’d recommend staying vigilant.
The liquidation risk is extremely high, with more than $242.67M in short positions carrying a liquidation margin above 50% risk. Over the last 24 hours, another $13M has flowed into short positions, compared to just $3M in longs. So, stay alert. If you’re already positioned and sitting on profits, it might be worth starting to take some partial profits and avoiding too much exposure to the market right as it’s trying to make a new high, especially since this is a highly volatile asset. That being said, it could still keep going up, but the move may start losing momentum as liquidity dries up. That’s exactly why we need to be even more vigilant heading into the Fed’s next decisions, since any shift in monetary policy could directly impact liquidity and risk appetite across the market.
Don’t let greed get the best of you, guys. This is exactly when the risk starts to increase.
For those sitting on unrealized profits in Zcash, or those thinking about getting in, I’d recommend staying vigilant.
The liquidation risk is extremely high, with more than $242.67M in short positions carrying a liquidation margin above 50% risk. Over the last 24 hours, another $13M has flowed into short positions, compared to just $3M in longs. So, stay alert. If you’re already positioned and sitting on profits, it might be worth starting to take some partial profits and avoiding too much exposure to the market right as it’s trying to make a new high, especially since this is a highly volatile asset. That being said, it could still keep going up, but the move may start losing momentum as liquidity dries up. That’s exactly why we need to be even more vigilant heading into the Fed’s next decisions, since any shift in monetary policy could directly impact liquidity and risk appetite across the market.
Don’t let greed get the best of you, guys. This is exactly when the risk starts to increase.
