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ZEC is now a good time to short, don’t hesitate.
Why? Three big truths:
1. It’s risen too much – up 56% in 7 days, 81% in 30 days, more than doubled in 90 days.
There are so many people making money they can’t count, everyone wants to run.
2. Big whales are secretly selling – look at the trading volume, the sluggish downward trend on the candlestick chart, it’s not that it can’t go down, it’s that whales are afraid to sell too quickly.
They’re selling while pretending nothing’s happening.
3. Retail investors are still waiting for a rebound – they’re just waiting for you to buy in.
Not buying? Then it will continue to decline slowly, grinding down.
How to short?
· You can open a small short position around the current price of 588.
· First target: 569 (WMA5)
· Second target: 511 (WMA10)
· Third target: 482 (SuperTrend bullish/bearish line)
Where to place the stop loss?
Place it above 610.
Staying above here indicates there’s still a chance in the short term, avoid shorting if it breaks this level.
Don’t fight the money.
The trend has already turned, shorting is more comfortable than longing.
In a downward trend, just short.
$ZEC