$ZEC — WHY DID THIS $5,103 LOSS HAPPEN?
I held my #zcash position for the last two days. At one point, the trade was showing roughly $3,000 in PNL, but I stayed with the original plan.
The stop loss and take-profit levels were never changed.
Then, while much of the altcoin market was seeing a mild pullback, Zcash’s market cap reportedly added another $2B. That kind of move deserves a closer look.
From my perspective, the rally looks unusually aggressive. I’m watching for a major liquidation candle before considering another short on $ZEC
This is only my personal view — DYOR and manage risk carefully.
I held my #zcash position for the last two days. At one point, the trade was showing roughly $3,000 in PNL, but I stayed with the original plan.
The stop loss and take-profit levels were never changed.
Then, while much of the altcoin market was seeing a mild pullback, Zcash’s market cap reportedly added another $2B. That kind of move deserves a closer look.
From my perspective, the rally looks unusually aggressive. I’m watching for a major liquidation candle before considering another short on $ZEC
This is only my personal view — DYOR and manage risk carefully.
