The cryptocurrency market is fluctuating! $ZEC trading short and long has a big reversal, only by following the trend can one win!
A friend asked me why I went long on $ZEC last night but was adamant about shorting last week. Actually, I don't want to explain too much; after all, everyone makes decisions with their own money, and gains or losses have nothing to do with me. I mentioned before, don't go all in, set stop losses, and manage your money well; my views are for reference only.
But out of respect, I still want to say something. Last week, I shorted at 703, expecting it to drop to 300. I had previously explained the technical analysis reasons in detail during the live stream. I couldn't go short for the long term because I wasn't psychologically stable enough and hadn't trained well; I don't hide this. However, I do play short-term trading quite smoothly, and I've shown it before. Recently, I shorted at 331, and it finally went down to 317.
Last night, I saw $BTC strongly break through 88k5. I was waiting to see how ZEC would react, and the signal was confirmed on the 331 small time frame. I decided to go long. For me, 333 is a key point; if it doesn't reach 300, I can adjust based on the chart. Since it didn't reach 333 last week, I was adamantly not going long.
My long position is just short-term, at the m15+m3 levels; I know exactly why I do this, and I closed the position at night because I knew it would only reach the H1 rhythm in the morning and had to wait for BTC to close. That's why I didn't say I was going long in advance; I only mentioned it just before closing the position to avoid having everyone lag behind the pace and spending more money.
I have my own trading style; I don't predict the market. Instead, I develop various scenarios and plans, responding to the market as it moves. Last week, I was bearish; this week, I plan for ZEC to rebound, so I'm doing short-term corrective trading. Overall, I still view it as a rebound, but it may not reach the high point of 700.
I go long to find a good position to go short. That's it; I wish everyone smooth trading! Brother Tao has been in the cryptocurrency circle for many years and has unique insights into trading like $ZEC . From shorting to going long, the strategies behind the reversal operations are all revealed. If you want to learn trading from Brother Tao and make steady profits in the cryptocurrency circle, hurry up and follow; there will be more practical sharing later!
