This rally didn't come out of nowhere. The previous few downward wipes were very aggressive, but instead exposed the true direction.



At that time, $ZEC kept repeatedly wicking at low levels. Many people panicked as soon as they saw the sell-off, thinking it would continue to drop.

But what I focused on was whether it could quickly recover after the wick. The price held firm, indicating that selling pressure was largely absorbed. I opened my long at 400.11. It didn't feel comfortable at that moment, but the level was crucial.

Now the price has reached 445.42, with floating profit showing +803.03%. Now that the volatility range has opened up, those earlier panic sellers have basically become fuel. Simply put, the market loves to give opportunities where most people dare not go. By the time the majority realizes it, the price has already moved.

For this trade, I will first take partial profits in batches for 70%, and keep the remaining 30% above the protective level to continue watching. During the profit phase, the worst thing is to add positions recklessly; don't give back the initiative.

Those who missed out should not force a chase; wait for the next confirmation after a shakeout.

$BTC $ETH
ZEC-0.86%
BTC0.67%
ETH0.50%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned