$ZEC $ZEC ZEC this whale is currently in an extremely awkward position. The previous waves of rally did not successfully offload, and they want to continue controlling the market, pushing the price to a very high point, which I estimate to be above 1000, then sell off aggressively. Unfortunately, the retail investors are no longer falling for the trap.
There is currently no buy-side volume at all. Once they start selling, they will dump heavily. It’s best not to take any action on this coin for now. Once US regulations are implemented, this coin will be dead in the water, and at that point, you can confidently short it.
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$ZEC $ZEC ZEC this whale is currently in an extremely awkward position. The previous waves of rally did not successfully offload, and they want to continue controlling the market, pushing the price to a very high point, which I estimate to be above 1000, then sell off aggressively. Unfortunately, the retail investors are no longer falling for the trap.
There is currently no buy-side volume at all. Once they start selling, they will dump heavily. It’s best not to take any action on this coin for now. Once US regulations are implemented, this coin will be dead in the water, and at that point, you can confidently short it.