We old suckers looking at coins can't just focus on how much they rise; we need to look at the details. If you take a close look at its price chart, I don't know if everyone has noticed, but every time it pulls back and then surges, that peak is getting lower and lower, as if something is holding it down tightly, unable to break through the previous peak. This is not a good signal.
What does this indicate? It indicates that the selling pressure above is too heavy, or that the big players never really intended to push the price up sincerely to release the trapped positions at the previous highs. Their intention may be more about taking advantage of market sentiment and positive news, repeatedly manipulating the price within this range, selling high and buying low, to make profits from short-term fluctuations. Look, there have indeed been positive news recently: Nasdaq-listed companies are significantly accumulating ZEC, the locked amount in the hidden pools is also increasing, and there will be another network upgrade at the end of November... These messages are enough to excite the market a bit and drive a rebound.
But the price just can't form an effective breakthrough. It's like a spring; every time it's pressed down and bounces back, it never reaches the previous height, which means its potential energy is diminishing. The big players have made it clear: I don't want to be a live Lei Feng helping you break even; I just need to perform back and forth on this stage to attract everyone's attention.
So, my point is very clear: for ZEC, don't hold on to the fantasy of getting rich overnight. In this pattern, "selling to fly can lead to everlasting profits." Don't always think about selling at the highest point; when it rebounds to a relatively high position, like near the $700 pressure zone, it should be time to take profits in batches. The money you have earned is real money.
From the current data and trends, it is highly likely to continue oscillating between the range of 500 dollars and 700 dollars. The 500 dollar level seems like a strong support; if it drops too much, there will be funds looking to buy the dip. On the upside, the 700 dollar level is a strong resistance, and as it approaches, it feels like there are countless sell orders flooding in.
So what should we do? We can actually change our thinking. Since it likes to play in this range, let's play along with it. Don't hold onto it tightly; that would be too torturous. Treat it as a target for swing trading. When it approaches the support area of $500-$550, consider buying in batches; when it rebounds to above $650, especially when it gets close to $700, sell decisively. Don't be greedy; just take the middle portion.
In summary, no matter how well the privacy story of ZEC is told or how exciting the news of institutional buying is, it ultimately has to be reflected in the price trend. And the current trend tells us that it needs time to consolidate and digest. Before it truly breaks out of that downtrend line and breaks the curse of "lower highs," we should treat it with a consolidation mindset: sell on the rebound, buy when it drops significantly, strictly control the position, and enter and exit quickly. $ZEC #逆势上涨币种推荐
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
We old suckers looking at coins can't just focus on how much they rise; we need to look at the details. If you take a close look at its price chart, I don't know if everyone has noticed, but every time it pulls back and then surges, that peak is getting lower and lower, as if something is holding it down tightly, unable to break through the previous peak. This is not a good signal.
What does this indicate? It indicates that the selling pressure above is too heavy, or that the big players never really intended to push the price up sincerely to release the trapped positions at the previous highs. Their intention may be more about taking advantage of market sentiment and positive news, repeatedly manipulating the price within this range, selling high and buying low, to make profits from short-term fluctuations. Look, there have indeed been positive news recently: Nasdaq-listed companies are significantly accumulating ZEC, the locked amount in the hidden pools is also increasing, and there will be another network upgrade at the end of November... These messages are enough to excite the market a bit and drive a rebound.
But the price just can't form an effective breakthrough. It's like a spring; every time it's pressed down and bounces back, it never reaches the previous height, which means its potential energy is diminishing. The big players have made it clear: I don't want to be a live Lei Feng helping you break even; I just need to perform back and forth on this stage to attract everyone's attention.
So, my point is very clear: for ZEC, don't hold on to the fantasy of getting rich overnight. In this pattern, "selling to fly can lead to everlasting profits." Don't always think about selling at the highest point; when it rebounds to a relatively high position, like near the $700 pressure zone, it should be time to take profits in batches. The money you have earned is real money.
From the current data and trends, it is highly likely to continue oscillating between the range of 500 dollars and 700 dollars. The 500 dollar level seems like a strong support; if it drops too much, there will be funds looking to buy the dip. On the upside, the 700 dollar level is a strong resistance, and as it approaches, it feels like there are countless sell orders flooding in.
So what should we do? We can actually change our thinking. Since it likes to play in this range, let's play along with it. Don't hold onto it tightly; that would be too torturous. Treat it as a target for swing trading. When it approaches the support area of $500-$550, consider buying in batches; when it rebounds to above $650, especially when it gets close to $700, sell decisively. Don't be greedy; just take the middle portion.
In summary, no matter how well the privacy story of ZEC is told or how exciting the news of institutional buying is, it ultimately has to be reflected in the price trend. And the current trend tells us that it needs time to consolidate and digest. Before it truly breaks out of that downtrend line and breaks the curse of "lower highs," we should treat it with a consolidation mindset: sell on the rebound, buy when it drops significantly, strictly control the position, and enter and exit quickly. $ZEC #逆势上涨币种推荐