$ZEC WHY DID THIS MAJOR 5103$ LOSS HAPPEN?
As you know, I held onto my #Zcash position for the past two days. This position saw a PNL of approximately $3,000, but I stuck to the plan and waited.
My stop loss and take profit levels were fixed; I didn’t adjust them at all. Then, while all altcoins showed a slight decline, Zcash’s market cap rose by another $2 billion. We all know how mathematically unlikely that is.
This shows us that this rally is highly artificial. When that big liquidation candle appears, I’ll re-enter a short position.
This is just my personal opinion!
As you know, I held onto my #Zcash position for the past two days. This position saw a PNL of approximately $3,000, but I stuck to the plan and waited.
My stop loss and take profit levels were fixed; I didn’t adjust them at all. Then, while all altcoins showed a slight decline, Zcash’s market cap rose by another $2 billion. We all know how mathematically unlikely that is.
This shows us that this rally is highly artificial. When that big liquidation candle appears, I’ll re-enter a short position.
This is just my personal opinion!
