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.
ZEC1,8%
SUI-0,92%
ETH1,75%
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.
  • Reward
  • 4
  • Repost
  • Share
Comment
0/400
AirdropHunterXiaovip
· 11h 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.
View OriginalReply0
SleepyArbCatvip
· 11h 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.
View OriginalReply0
HodlVeteranvip
· 11h 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.
View OriginalReply0
NFTRegrettervip
· 11h ago
The short position has been established; it's awkward if it can't go down.
View OriginalReply0
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)