$ZEC suggests to immediately go long on zec, the current position is a strong support, and there is a high probability of a rebound, take profit at 555
Do you want to lick blood from the knife edge, pull teeth from the tiger's mouth, and do a short wave. ZEC, at the hourly level, has funds entering the market. You can go long at the current price of 459, add position at 450, stop loss at 440, target near 500. $ZEC
Has ZEC fallen into a pit again? Don't panic! As long as it rebounds back to 500, ZEC can still reach 600 or even 750!
As of Friday, the correction of Zcash (ZEC) has widened to over 3%, with a cumulative drop of more than 17% this week. This marks the second consecutive week of decline for privacy coins, primarily due to the stagnation in the growth of the shielded funds pool, coupled with retail demand not keeping up, giving some large funds the opportunity to exit smoothly at high levels. The shielded pool is quiet, basically reminding us that demand is starting to cool down.
ZEC is a typical privacy coin. Recently, there was a surge in demand that drove its price up nearly 10 times from September to October. According to data from ZECHUB, during that surge, the amount of protected ZEC in the Orchard pool quickly increased, supply was compressed, naturally creating a positive feedback loop of 'the more it rises, the more it is bought, and the more it is bought, the more it rises,' pushing the market up in one go.
I see some people at the square have lost a lot of money to enter for the funding fee. Currently, #merl is in the big waterfall, and it's not easy to operate. It's right to short him.
《ZEC: 750510 is the first act of hunting, the second act is where the main force really makes money》
Brothers, speaking of ZEC, this recent trend is truly a 'textbook of human nature.' 750 stimulated the peak, dropping to 510 in one day, both long and short positions got liquidated, emotions exploded. But you need to know:
This kind of trend is not a collapse, it's the 'first round of hunting scripts.'
The most terrifying thing about ZEC is not its drop, It is abnormal after it drops.
All those who can be scared away, those who got liquidated, those who got washed out, were all cleared out in this round.
but after being cleared out, the real operations of the main force have just begun.
1. The sharp decline of ZEC is not a pullback, but a 'liquidation-style turnover.'