Hahaha, we made a fortune shorting ZEC! Can it continue to fall? What will happen to Ethereum? Let's talk about my thoughts.
First of all, ZEC has finally collapsed, dropping to the previous low of 440 today. As shown in the picture, this place was a position that had been tested multiple times before, so there is some support here. If you want stability, you can take profit here and see if there is a larger rebound before continuing to short, especially around the key levels of 550 and 600. I only short it; I don't go long.
Overall, the popularity of ZEC is gradually decreasing. In another month, I estimate that not many people will be discussing it anymore. At that time, it should break the neckline support at 440 and drop to 300 or even lower. Shu Qin has been recommending everyone to short this coin every few days. Don't be greedy with low leverage in the medium to long term; we have achieved the results we wanted every time. Congratulations, everyone!
As for Ethereum, it is approaching the upgrade on December 4th, and the coin price is starting to strengthen. This is consistent with our expectations. However, because many people are trapped above, there is considerable selling pressure, making it quite difficult to rise. I think the most ideal short position is still around 3250, for example, you can start shorting around 3230, or wait until the eve of the interest rate cut on December 10th. At that time, we can short it without any hesitation, opening positions aggressively every day~




