Weekend market activity finally shows some heat, with Bitcoin breaking 90,000 and Ethereum rising above 3100. This wave of volatility has shaken out quite a few people. But to be honest, I think the market will likely remain volatile this weekend, so there's no need to rush into the market.
The ZEC coin has been quite active recently. A couple of days ago, I took a short position and made some profit. I remain quite optimistic about the subsequent bearish trend. From the chart, ZEC's rebound is just a technical correction, and the overall bearish trend framework remains intact.
If you're looking to participate in ZEC short opportunities, consider positioning around 515 to 518. Setting a stop-loss near 538 would be safer. As for target levels, the 460 to 480 range is a more ideal profit target. Of course, everyone's risk appetite varies, so this is just a sharing of ideas based on the current trend.
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SlowLearnerWang
· 2h ago
It's another case of Monday morning quarterbacking. I had already closed my short position before seeing this rebound, typical slow reaction.
ZEC is really just a rebound correction. I'm also optimistic about the bears, but my reaction speed didn't keep up. Entering at 515-518 sounds fine, but I guess I'll be slapped in the face again by a false breakout. Setting a stop loss at 538 feels a bit weak.
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ShitcoinConnoisseur
· 9h ago
Everyone who has made a ZEC short before understands, the rebound is the selling point.
After all this time, Bitcoin is still hovering around 90,000, and the weekend will likely continue to be volatile.
Enter short positions at 515-518? I might have to follow this move.
Seeing 460, I could probably sleep well, just worried about a reverse liquidation explosion.
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DAOdreamer
· 9h ago
The short position made a profit again. ZEC this wave was really comfortable, just worried that weekend turbulence might bring it back.
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SelfSovereignSteve
· 9h ago
The short position this wave is indeed solid, just waiting for ZEC to pull back and take profit.
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ChainComedian
· 9h ago
Hey, the short position on ZEC this time is indeed good, I am also watching it closely.
Breaking 90,000 really doesn't mean much; let the volatility happen, anyway, there's no way to make a move over the weekend.
Enter at 515-518, stop loss at 538, target 460-480... the logic is still clear, but it depends on whether the market gives us face.
It's basically a bet that the bears will continue to suppress, any rebound is fake.
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SchrodingerPrivateKey
· 9h ago
Breaking 90,000 on Bitcoin really doesn't mean much; the volatility is just for harvesting the retail investors.
I also shorted ZEC in this wave, entered at 515, feels like the stop loss at 538 is a bit loose.
Whether it can reach the 460 level depends on how it moves later; don't be too greedy.
Weekend market activity finally shows some heat, with Bitcoin breaking 90,000 and Ethereum rising above 3100. This wave of volatility has shaken out quite a few people. But to be honest, I think the market will likely remain volatile this weekend, so there's no need to rush into the market.
The ZEC coin has been quite active recently. A couple of days ago, I took a short position and made some profit. I remain quite optimistic about the subsequent bearish trend. From the chart, ZEC's rebound is just a technical correction, and the overall bearish trend framework remains intact.
If you're looking to participate in ZEC short opportunities, consider positioning around 515 to 518. Setting a stop-loss near 538 would be safer. As for target levels, the 460 to 480 range is a more ideal profit target. Of course, everyone's risk appetite varies, so this is just a sharing of ideas based on the current trend.