$ZEC This trend is really frustrating, isn't it? Let me share my thoughts with everyone:

Several key points:
1️⃣ This coin is clearly at its peak, why is it dropping so sluggishly? The monthly and weekly charts are still in an upward channel, and the daily chart is currently in a sideways consolidation. We have to wait until the daily chart completely turns bad to bring down the weekly chart, one link leads to another.
2️⃣ It has increased dozens of times from the bottom, and the big players have long made a profit. The key is that there are too few people willing to take over now, and the main players have too much stock in hand, so they can only gradually sell it off. Just look at the line on 11.17 to understand; with a little push to sell, it can drop by over 12%, indicating that the buying support simply cannot hold.
3️⃣ The breakout on November 15 was clearly a false breakout, specifically targeting players who employ breakout strategies. Many people rushed in as soon as they saw a new high, only to end up trapped at the peak.
4️⃣ Yesterday, there was a rebound of 7.9% on low volume, and today the trading volume is even lower. If nobody is trading, why are we still trying to push the market? The MACD has also shown a divergence signal. These are all signs of a top. Once the buying pressure is exhausted, we can only sell off to find liquidity.

In terms of operation: If the daily line tomorrow does not return to 699.15, look for opportunities to short at the 4-hour level. The first target will accelerate testing the second target after breaking. If it can hold, there may be a rebound to make a second high. Those who are stuck in short positions can hold on, as the liquidation price is above 1000, which is basically safe.
Those who want to short remember to control your position, as the market makers can liquidate at any time. Newcomers can pay attention; in August, I accurately predicted that 120,000 would be a major peak. Buying at the bottom in a bear market and selling at the top in a bull market—these are my strengths.
#ZEC #逃顶抄底 #加密领域市场回调