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ZEC stabilization and the “recovery/return” phenomenon are becoming more and more obvious—don’t know if it’s fake, but we also must stay vigilant.
If you’re a fan who shorted at an average price above 500, you can leave at any time.
Right now it’s 445; the bottom on the hourly timeframe has risen slightly, so there’s a lower chance it will try to touch 500 again.
I’ll also move my stop loss to the same level at 470.
Hold the line by moving the stop-loss up to 475, targeting 420.
Alternatively, set the stop-loss to break even; I personally set the break-even stop-loss at 498.