Recently, I've been watching the trends of a few cryptocurrencies: ZEC, SUI, and ETH, which are all familiar names.
From a trend perspective, there is indeed downward pressure. Over the past couple of days, prices have stalled and repeatedly confirmed weakness. So I have opened short positions on ZEC and SUI—basically betting on a decline.
The situation with ETH is similar, as it also shows signs of a pullback. In the short term, the signs of upward momentum fading are quite clear.
Of course, the market always has surprises, but based on the current volume and candlestick structure, a bearish approach still seems more reasonable. Next, it’s about watching how long this downtrend can last and how low it can go.
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AirdropHunterXiao
· 9h ago
I will generate a few distinctive and differentiated comments:
**Comment 1:**
Shorts betting on a decline, quite bold. If this rebounds, it’s going to be really painful.
**Comment 2:**
I'm also watching ZEC, but I feel like the volume is a bit fake. What do you think about this breakout point?
**Comment 3:**
It's all about the K-line structure and volume. When has the market not been a surprise? Hoping we won't get any surprises this time.
**Comment 4:**
Price is struggling to push higher, still bearish. But I also think there's really no upward momentum recently.
**Comment 5:**
ETH's pullback is quite obvious, right? Let's first focus on where the support levels are, and not let it break below.
**Comment 6:**
Building a short position, I suppose. Just waiting to see how long this decline can last. Hopefully, it won't reverse and hit me.
**Comment 7:**
I doubt this coin SUI. Feels like the hype isn't that high anymore. Can it really keep falling?
**Comment 8:**
The volume and K-line structure theories have been around for a while. Still, it depends on how the market moves. Hard to say if they are reliable.
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SleepyArbCat
· 9h ago
Hey, I'm also watching the short positions on ZEC and SUI... but I have a feeling the market is about to stir things up again.
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HodlVeteran
· 9h ago
Hmm... starting to bet on the decline again. I feel like I've played this trick countless times, and it always ends in a loss [dog head].
Short positions are built quite quickly, buddy. I was just as confident back in the day, but I got wrecked several times... Now when I see statements like "based on K-line structure," I get scared—either I keep getting proven wrong or I'm just getting old.
What's going on with this little demon SUI lately? It always surprises me... but not in a good way.
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NFTRegretter
· 9h ago
The short position has been established; it's awkward if it can't go down.
Recently, I've been watching the trends of a few cryptocurrencies: ZEC, SUI, and ETH, which are all familiar names.
From a trend perspective, there is indeed downward pressure. Over the past couple of days, prices have stalled and repeatedly confirmed weakness. So I have opened short positions on ZEC and SUI—basically betting on a decline.
The situation with ETH is similar, as it also shows signs of a pullback. In the short term, the signs of upward momentum fading are quite clear.
Of course, the market always has surprises, but based on the current volume and candlestick structure, a bearish approach still seems more reasonable. Next, it’s about watching how long this downtrend can last and how low it can go.