$ZEC has a huge number of traders sitting in long positions right now. This makes it a very risky trade. Unless enough short positions enter the market, price is unlikely to drop — that’s why I’ve taken a short position.
On the other hand, $ORDI has more short positions and fewer longs, which is pushing the market further down. However, a reversal could happen from the $0.5–$0.85 range.
But $SIREN is doing something different — it has already dropped to very low levels. If traders want, they can push the market even further down.
DYOR. context and content ✍️