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Don't remind me again today

Yesterday a fren asked me if ZEC can be shorting now. I glanced at the market data and told him to wait a bit - there's a good chance this thing will return to 667.



Why make such a judgment? You see, it hasn't been following the market trend recently at all, completely its own independent market. In such a situation, you need to carefully observe the moving averages; the moving averages for the 2-hour, 3-hour, 4-hour, and 6-hour periods are all in a bullish arrangement. I prefer to catch the most conservative signals: keep an eye on the MA60 line; as long as the real K-line hasn't dropped below 652, don't act rashly. If it really breaks and forms an effective break, the success rate for shorting can reach 80%.

Surely someone will say: "Isn't shorting now making more profit?" This is true, but before the trend is confirmed, the price may continue to rise. We don't trade to catch the fish's head or tail, but to take advantage of the strong certainty in the middle segment. Follow the signals from moving averages; whether you earn more or less, it's still profit. Those who insist on trying to catch the top usually get harvested in the opposite direction.

There are too many people in the market trying to short at the peak, and many of them end up unable to withstand the liquidation. Don't think of yourself as the genius who can accurately catch the top; isn't it more appealing to steadily earn money from the trend?
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WalletDetectivevip
· 11-20 03:47
It's that kind of rhythm where you wait for a breakout before making a move, which is actually not wrong. However, looking at the trend of ZEC, I feel that saying 667 is a bit too casual.
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FlatlineTradervip
· 11-20 03:27
Another follower of MA60, I shorted it directly and will talk later.
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