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ZEC's recent performance has indeed caught the attention of many. It surged from a low point to $538 in a short period, with trading volume skyrocketing, and the RSI indicator soaring to 84—such a trend easily excites people, and some even start shouting for a target price of $600.
But the question is: Is this rally a genuine breakout or a carefully orchestrated trap? The technical analysis can reveal the clues. With RSI above 84 and the price breaking out of the upper Bollinger Band, this is a classic overbought signal. Generally speaking, this is the point to be cautious.
What's even more interesting is the real game happening in the market. On the surface, large traders are buying, and trading activity is heating up, but the whales' short positions remain untouched. What does this mean? Although the bulls and bears are fighting, no consensus has been formed. Some are optimistic, while others are already laying the groundwork for shorting. Under such circumstances, market stability is often fragile.
Retail investors are easily blinded by temporary gains; their account balances are skyrocketing, and they start dreaming of the next limit-up. But there's an old saying in the crypto world: "Those who buy are apprentices; those who sell are masters." What is the essence of manipulation? It's not to make everyone money, but to invite more people to join—the real show begins when the time is right.
If you currently hold ZEC, especially if you've already seen good unrealized profits, now is a good time to seriously consider taking profits in stages. Don't be blinded by the momentum of the rise. The numbers on the screen look tempting, but only the money actually withdrawn is truly yours. Market volatility can change in an instant; paper wealth can disappear in the blink of an eye. Protect your existing gains; it's often wiser than chasing the next surge.