$ZEC 24-hour increase of 23.58%? Bold claim: anonymous coins are just a smokescreen for the whales to harvest, and $525 is all bubble.


ZEC was hammered down to 419 in the past 7 days before rebounding; the 1.8 billion USD trading volume is data of whales wash trading to shake out positions, true retail investors have already fled. The hype around anonymous transactions is exaggerated; actual on-chain privacy usage rate is less than 2%, and the coin price is solely supported by Grayscale holdings and privacy narratives. Now chasing the rally? 544 is a short-term top, the daily RSI is already overbought, the first target for a pullback is 480, and if it breaks below 450, it will crash directly.
Trading suggestion: open a short at the current price of 525, set stop-loss at 550, take profit at 470, and keep position size below 3%. Want to go long? Wait for it to drop again to below 400, or you’ll just be the bagholder.
Disagree and want to argue? I’ll ask you one question: if anonymous coins were really useful, Bitcoin would have been wiped out by the government long ago. Besides gambling, what else can you do with your ZEC? Show your holdings in the comments, don’t be cowardly.
ZEC23.25%
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