Record Eleven: Failed ZECUSDT (20251203 14:51-18:24)

Opening Price Stop Loss Price Position (units) Direction Stop Loss Amount (U)

331.35 347 10 Short 160

Reason for Intervention:

1. ZEC has gone through a quite long period of increase, with prices rising from over forty to a peak of 775. Although it has already dropped by half, it still has a tenfold increase.

2. Since yesterday, Bitcoin has rebounded nearly 10 points, while ZEC hasn't exceeded yesterday's opening price, showing very weak performance. Following the principle of shorting at highs, the current price is already close to the 4-hour moving averages of 5 and 10.

3. After falling back around 340 for three consecutive hourly candles, it can be considered to place the stop loss at 340.

Process: After the transaction, it has now rebounded to 335. Considering yesterday's trend, the stop loss has been adjusted to 470, continuing to observe, and there may be a possibility to add another position around 338.

Analysis: The previous analysis was not too problematic, but the timing of entry was indeed a bit early, not waiting for the upward spike to finish before entering. This was actually one of the opening principles I set for myself earlier. Perhaps after a few successful trades, I got a bit carried away and forgot the lesson. I initially wanted to open another position directly at 338, but unfortunately, I missed it. Well, I'll wait for another opportunity; it's a pity it was only 4 dollars above my stop loss price.

Result: Loss (160U)