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The veteran privacy coin is finally gaining momentum, and this wave of sentiment is at its peak, but I'm out first, with a stop loss set at 640.
ZEC has been going crazy this year, just breaking through $604, hitting a new high for the year. Now, its on-chain fund accumulation ranks first worldwide, and its contract holdings have even surpassed Dogecoin, ranking sixth globally!
The surge in privacy demand and safe-haven funds, along with massive whale long positions pushing the price higher, has caused trading activity on all platforms to explode!
Foreign communities are now full of FOMO comments reminiscent of Bitcoin's early days, with many top traders earning over ten million dollars in a single week. This wealth-creating effect has pushed market sentiment to its peak!
But looking at it calmly, the short-term trend is somewhat overextended, and the funding situation is not stable. It’s recommended to mainly operate in swing short positions. Set $640 as the stop-loss level and aim to take profit around $570.
Currently, ZEC’s rise is driven by emotion, and entering the market at this time should avoid all-in bets. Playing with small positions and taking profits when the market looks good is the smart approach—don’t get caught in a trap at this critical moment! $ZEC #Gate广场五月交易分享