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Let me share with you the recent short-term contract practices. Currency friends with different views should avoid it.
ZEC is now my key short-selling currency.
Open a position at the high point of 27.8~28, cover the position after 28
Take profit is set at 24.7~24.9 (specific adjustments will be made based on the relationship between volume and price at that time)
The stop loss is set at 29.
Let’s talk about why I’m bearish. The bullish news about the Privacy Coin ETF came out, and the trading volume is still pitifully low. This trading volume is obviously caused by retail investors entering the market, and it is estimated that institutions have not entered the market. It looks more like Grayscale wants to help. The whale that was trapped high in the past was untrapped.
The prices piled up by retail investors are inherently unreliable, and it is very possible for the currency price to have a major correction at the slightest disturbance.
Let’s talk about the fundamentals. The room for speculation of this coin is not high. It focuses on privacy coins. The recent world situation is even more unfriendly to privacy coins. There are many wars, money laundering, and fraud. It is difficult for privacy coins to have room for speculation anymore. It feels like the profits have been made. All.
But if Grayscale does this, I don’t believe that it won’t make money. Maybe in the long run, there will still be a wave of increase, but I don’t know how long it will take? And there is a lot of pressure from above (too many people are trapped). Personally, I think it will increase to ten times or a hundred times. It's too far-fetched.
I am very confident about the short-term correction. Most of them are retail investors now. Without any news about ZEC, just the correction of the big pie is enough to scare retail investors out of the car.
The above does not constitute investment advice, nor is it intended to cause a pen war. It is simply a sharing of experiences and exchanges with fellow currency lovers. $ZEC
I wish everyone can go through the bull and bear smoothly and earn ideal wealth in the currency circle👍
ZEC is now my key short-selling currency.
Open a position at the high point of 27.8~28, cover the position after 28
Take profit is set at 24.7~24.9 (specific adjustments will be made based on the relationship between volume and price at that time)
The stop loss is set at 29.
Let’s talk about why I’m bearish. The bullish news about the Privacy Coin ETF came out, and the trading volume is still pitifully low. This trading volume is obviously caused by retail investors entering the market, and it is estimated that institutions have not entered the market. It looks more like Grayscale wants to help. The whale that was trapped high in the past was untrapped.
The prices piled up by retail investors are inherently unreliable, and it is very possible for the currency price to have a major correction at the slightest disturbance.
Let’s talk about the fundamentals. The room for speculation of this coin is not high. It focuses on privacy coins. The recent world situation is even more unfriendly to privacy coins. There are many wars, money laundering, and fraud. It is difficult for privacy coins to have room for speculation anymore. It feels like the profits have been made. All.
But if Grayscale does this, I don’t believe that it won’t make money. Maybe in the long run, there will still be a wave of increase, but I don’t know how long it will take? And there is a lot of pressure from above (too many people are trapped). Personally, I think it will increase to ten times or a hundred times. It's too far-fetched.
I am very confident about the short-term correction. Most of them are retail investors now. Without any news about ZEC, just the correction of the big pie is enough to scare retail investors out of the car.
The above does not constitute investment advice, nor is it intended to cause a pen war. It is simply a sharing of experiences and exchanges with fellow currency lovers. $ZEC
I wish everyone can go through the bull and bear smoothly and earn ideal wealth in the currency circle👍
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Don’t be fooled into thinking that people are cutting leeks. Personally, I think this is Grayscale’s trick of cutting leeks. From a fundamental point of view, the practicality of this type of privacy coin is not high. The usage of this coin on the dark web is even Less than 0.5%.
In the current world situation, where war, money laundering, and fraud are prevalent, I personally feel that the ETF application for this currency will not pass the test. If this kind of currency can pass, I think it will be a huge deduction for the SEC's credibility.
From a technical point of view, if it cannot stand firm at 28 yuan in the short term, there should be a wave of price correction.
$ZEC
In the current world situation, where war, money laundering, and fraud are prevalent, I personally feel that the ETF application for this currency will not pass the test. If this kind of currency can pass, I think it will be a huge deduction for the SEC's credibility.
From a technical point of view, if it cannot stand firm at 28 yuan in the short term, there should be a wave of price correction.
$ZEC