$ZEC The multi-headed whales have all cut their losses. Is it still necessary for retail investors to hold onto their long positions?
Last night, the market experienced a plunge, yet I still advised my followers to hold onto their short positions in zec. Today, zec has directly fallen below 400. What is the reason behind this?
The truth is that the whales' selling has brought a certain level of panic to the market, and yesterday a whale led the call for bullish sentiment, attracting many retail investors who love to follow trends. This resulted in many people getting trapped at this position.
Just now, a follower reached out to me, saying that their long position in zec is also trapped. I regret that they couldn't see my post earlier. This kind of fraudulent scheme involves enticing people to go long first and then harvesting their losses. I see through this completely.
In the long run, I, Qi Jie, still view the market as bearish, as it has already fallen below important support. The downward trend will likely continue.
If you are also trapped, feel free to come to the chat room and share tips on how to break free from your losses.
