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Brothers, don’t stop me—this time I really have to take him down! ZEC, get ready to die!
As shown in the picture, ZEC really has gotten a bit arrogant: starting at 200, it broke through the resistance at 330 and retraced 10%, then it already came to 380—and it surged 100% in just a short week! But now, his good days are also about to be over. How should we short him?
As shown in the picture, ZEC’s current resistance is around 415. Close to here, I will start shorting—go in in batches between 400–415. For the retracement, first look at 375, then 350. It has jumped 100% in the short term, so there is a very big room for a pullback.
Our strategy—Shu Qin talked about this these days—is to buy dips after the ceasefire, so at the beginning when ZEC and various altcoins were rising, we didn’t pay attention to him. But no coin can rise without restraint. Starting at 400, it’s a hurdle. Once it reaches there, that’s when I will choose to make my move. Also, CPI data will be released tonight, and there’s likely to be major volatility—this must be watched closely.
Besides that, with Bitcoin we still buy dips to arbitrage. Currently, support is around 71.2k and just above 70k. When it gets there, I will choose to add another long. These days, our Bitcoin longs have been doing really well. Yesterday, Shu Qin told everyone to go long at 71k. As shown in the picture, the order was also placed. We successfully took profit at the previous high of 72.7k. Now we’re waiting for it to come back again, and we can add another long position. But if the coin price gets close to the 74k resistance level, then I won’t want to go long anymore.
So operations must always find the core logic of the market. During the war, we shorted into rallies, and we held the shorts for nearly a month. Now that the ceasefire has happened, Shu Qin has been buying dips these past few days. Once the fundamentals change, our operations must switch quickly—the earlier, the better, so we can catch the first wave of the upside.
I know the market is always right. It doesn’t need to adapt to us—on the contrary, we should adapt to the market. After those first few waves of rebounds with zero difficulty are finished, the profit-taking pressure will increase, and it will become harder to make money with later moves. So let’s actively observe, steady as we go, and when we reach key levels, we’ll go in hard! #Gate广场四月发帖挑战 $ZEC