Recently, ZEC's market performance has indeed attracted a lot of attention. The price quietly broke through a key resistance level, directly surging above $528, with trading volume also increasing. Technical indicators show RSI soaring to 84. Many market participants are calling for a target price of $600, and investors with floating profits can't help but feel tempted.
But here, a calm analysis is necessary. From a technical perspective, there are already clear signs of overheating: RSI reaching 84 indicates severe overbought conditions, and the price has broken through the upper Bollinger Band, all classic technical red flags. Such rapid surges often represent a market sentiment explosion rather than a fundamental value return.
More importantly, the market structure warrants attention. On the surface, large holders continue to buy, but the whale's short positions have never truly been reduced. This fierce battle between bulls and bears precisely indicates a lack of genuine consensus in the market—one side promotes a bull market narrative, while secretly positioning for a decline, waiting for latecomer funds to buy the dip.
This is a common pattern in the crypto market. The purpose of price manipulation is never to profit the average investors but to create a false appearance of an uptrend, attracting more retail traders to follow suit. Once the goal is achieved, the market reverses to harvest profits. The recent rapid rise of ZEC follows this logic as well.
Therefore, if you've already profited from this wave, instead of chasing higher to gamble on the next $100 increase, it’s better to take profits gradually. The timing of taking profits often tests an investor’s rationality more than waiting for a double. Remember: only the profits actually withdrawn into your wallet are truly yours; the numbers flashing on the screen can vanish at any moment.
In this current market environment, should you continue to chase the high or decisively take profits? Weigh the risks and rewards carefully.
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BugBountyHunter
· 20h ago
528 dare to chase high, I really can't hold it... The RSI84 number is right there, and yet you insist on waiting until 100 to sell?
Another trap to harvest, I've seen too many, bro.
But on the other hand, some people did make money in this wave, just worried that those who made a profit didn't dare to sell.
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ArbitrageBot
· 20h ago
It's the old routine, RSI 84 has been signaling for a long time, I already reduced my position.
Whales are still shorting, retail investors are the ones holding the bag.
528 to 600? Dream on, brothers, get ready to be cut.
Floating profits are just paper wealth; cashing out is the real deal, don't be greedy.
This wave of ZEC is just a classic pump and dump by the big players, nothing new.
The Bollinger Bands are already broken, and you're still trying to chase? What's wrong with you?
I don't believe these numbers when real money goes into the wallet.
Those who take profits live longer, those who chase highs live shorter lives, choose for yourself.
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GateUser-0717ab66
· 20h ago
RSI soaring to 84? Bro, that's a classic overbought signal. I can't help but sweat for those chasing the high.
Whales are still accumulating shorts, so this can't be a real bull market—it's just a game of taking over positions.
If you have unrealized gains, cash out quickly. Don't wait to be harvested; the numbers on the screen are just clouds.
Anyway, I take profits when I see the opportunity. That $600 target price is just a hearsay; the risk is too high and it's not worth gambling.
Recently, ZEC's market performance has indeed attracted a lot of attention. The price quietly broke through a key resistance level, directly surging above $528, with trading volume also increasing. Technical indicators show RSI soaring to 84. Many market participants are calling for a target price of $600, and investors with floating profits can't help but feel tempted.
But here, a calm analysis is necessary. From a technical perspective, there are already clear signs of overheating: RSI reaching 84 indicates severe overbought conditions, and the price has broken through the upper Bollinger Band, all classic technical red flags. Such rapid surges often represent a market sentiment explosion rather than a fundamental value return.
More importantly, the market structure warrants attention. On the surface, large holders continue to buy, but the whale's short positions have never truly been reduced. This fierce battle between bulls and bears precisely indicates a lack of genuine consensus in the market—one side promotes a bull market narrative, while secretly positioning for a decline, waiting for latecomer funds to buy the dip.
This is a common pattern in the crypto market. The purpose of price manipulation is never to profit the average investors but to create a false appearance of an uptrend, attracting more retail traders to follow suit. Once the goal is achieved, the market reverses to harvest profits. The recent rapid rise of ZEC follows this logic as well.
Therefore, if you've already profited from this wave, instead of chasing higher to gamble on the next $100 increase, it’s better to take profits gradually. The timing of taking profits often tests an investor’s rationality more than waiting for a double. Remember: only the profits actually withdrawn into your wallet are truly yours; the numbers flashing on the screen can vanish at any moment.
In this current market environment, should you continue to chase the high or decisively take profits? Weigh the risks and rewards carefully.