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There is an eternal game in the market—the market maker manipulates the K-line patterns to push prices up, while some rely on verbal calls. But this logic is very realistic: if no one buys after a rise, isn't that just shooting oneself in the foot? So a pullback is necessary.
ZEC's recent trend follows this pattern. The chart has been constantly enticing longs, with spikes upward followed by a break, a perfect trap to lure in buyers. I opened a short position around 550, but was stopped out as the market started to plunge, and I expect it to dip into the 559-564 range.
This is the principle of "hurrying leads to failure"—take one step at a time and see what happens. Without experiencing several pullbacks below, how can there be the strength to break through resistance levels? If it truly never pulls back, then something is wrong—an abnormal situation. Just push it higher and open a short position; falling down is even simpler.
My trading plan is as follows: **1. Establish a short position at the resistance level, with a liquidation price controlled at 4250**. **2. Take profits in stages**: take 30% of the position at 516, then another 30% at 486, and hold the remaining 40%. **3. After taking profit at the entry price, I will add to the position again**. **4. Only react to three instances of sharp rises followed by pullbacks**, avoiding greed and impatience.
The key is this—never fight a battle without confidence, always anticipate the worst-case scenario in advance. What do you all think about this approach?