💥✨️💢 Zcash (ZEC): Short-entry possible vs other Altcoins

This isn't much of an analysis but more of a time based short opportunity.

ZECUSDT found resistance at the 0.236 Fib. retracement level on an inverted correction move, the B wave of an ABC, and this opens up a short opportunity.

It is a perfect repeat of the pattern on the left side of the chart and since we have a lower high, we can expect a bearish continuation.

Compare this chart to ETH, ADA, SOL, WLD, FET, XRP and so on, and you can see a huge difference. While Zcash produced a major wave and is trading close to resistance, all the mentioned altcoins produced a major drop and are trading close to support.

These altcoins are starting just now to recover, from the bottom up. ZEC went through a complete bullish cycle and is moving from a top to lower. Another example is ALGO or even ORDI, COIN or TRUMP.

Sell at resistance (when prices are high) buy at support (when prices are low).

Can some altcoins move down while others move up? Yes, we've seen this hundreds of times before.

Some projects have been rising for months while others have been crashing for months. We have to consider each chart individually.

From a different perspective, if you are a buyer and holder, there are better options projects that are only now starting to grow (NEAR, XLM, INJ, TIA) with plenty of room to move higher.

💥 Whatever you do, choose wisely there is never any rush, the market always offers a second chance. Take your time to prepare and plan.

#MyGateTradeStory

$ZEC ‌$SOL ‌$XRP ‌