ZEC went crazy today, starting at $421 in the early morning, reaching a high of $607, up over 40% in 10 hours, almost no short seller survived.

The 24-hour trading volume hit 340 million, a typical short squeeze situation.

This surge wasn't without reason:

Grayscale submitted an application for a spot Zcash ETF, Multicoin Capital kept buying, and the Zcash development team secured another $25 million in funding.
All these positive signals combined, and the market sentiment exploded.

Next, remember two key points for trading:

· For those holding coins, sell in batches.
The current price is $566, far from the 7-day moving average at $500 and the 25-day at $430, with a huge divergence.
After such a sharp rise, a pullback to the moving averages is highly likely.
Don't always try to sell at the peak; locking in profits is what really matters.

· For those wanting to buy, be patient.
Don't rush in right now.
$607 above is resistance, wait for a pullback near $500, or even a bit lower at $430.
Only buy gradually once volume shrinks and the price stabilizes, which is much safer.

Short-term squeeze feels great, but once the bulls run out of strength, the fall won't be gentle.
Take profits when you're ahead, and if you haven't entered yet, don't rush.
Don't become the one paying the price in the frenzy. $ZEC ‌#加密市场回升