ZEC yesterday plummeted from 460 down to a low of 380, failing to recover after breaking the 400 level. The logic behind this deep correction is simple—it's a bearish dominance scenario playing out. But here’s the question: once it hits a new low and then rebounds weakly, that’s a signal to add to the short positions. Conversely, if it can recover above 400, the situation will change dramatically.
A rebound after an oversold condition is a natural market phenomenon, which is why yesterday’s short positions were decisively closed. There’s no need to risk for the last 10 to 20 dollars of decline, only to end up losing 40 to 60 dollars in gains. It’s not worth the cost.
Now, ZEC’s price is gradually stabilizing, and the previous bearish pressure has been mostly digested. This is a good time to shift strategies and prepare to go long. It is recommended to open a position around the current price of 430. If it retraces to 400, add to the position, with a new low set as the stop-loss point. The strategy is clear: enter the market with the mindset to take profits when the time is right—don’t be greedy.
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AirdropDreamBreaker
· 01-12 07:30
Dropping from 460 to 380 was really exciting, but I still decisively took profit on my short position yesterday. That greedy 10-something bucks would have cost me over 40 bucks, not worth it.
If we can't hold the key level at 400, continue to look for a short; otherwise, there's a good chance of a turnaround. Currently, at the 430 level, those wanting to go long can give it a try.
Don't be like my buddy I know, who had to chase the last dip and ended up getting violently pumped during the rebound, resulting in a huge loss.
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memecoin_therapy
· 01-12 02:29
You must be kicking yourself now for not taking profit on that short position yesterday. Greed for that 20 bucks cost you double the loss. Typical.
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NFTRegretful
· 01-11 15:04
Ha, the rebound from 380 to 430, you’re right, my friend. I've seen too many operations where people are greedy for the last ten dollars and end up losing sixty.
But I still think entering at 430 is a bit early; 400 is really the true support level.
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SelfCustodyIssues
· 01-09 10:58
It's the same old story of take-profit and stop-loss, nothing wrong with it, but how many actually follow through?
During the 380 drop, I watched it fall the whole time, just didn't dare to buy the dip. Now that it's at 430, want to go long? Feels a bit late.
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LiquidatedDreams
· 01-09 10:58
It's the same old story... Yesterday, those who took profit on short positions are now touting the bulls. I just want to see if 400 can really hold steady.
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EthMaximalist
· 01-09 10:57
The bears are full, and it's time for the bulls in this round. The 400 level must be broken.
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LiquidityLarry
· 01-09 10:54
This wave of ZEC's rhythm is indeed classic. The bears should have had enough and stopped, greed will only lead to losses.
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BearMarketSurvivor
· 01-09 10:47
460 drops to 380, I indeed took profit yesterday in this wave, avoiding the 20-dollar greed and dodging the 40-dollar reverse trap. Staying alive on the battlefield is more important than anything.
Now, looking for stabilization signals, we still need confirmation. I agree to enter a position at 430, but I would be more cautious about adding at 400 — it depends on the trading volume during the rebound. If the volume is insufficient, I would rather stay in cash and wait for the next round.
ZEC yesterday plummeted from 460 down to a low of 380, failing to recover after breaking the 400 level. The logic behind this deep correction is simple—it's a bearish dominance scenario playing out. But here’s the question: once it hits a new low and then rebounds weakly, that’s a signal to add to the short positions. Conversely, if it can recover above 400, the situation will change dramatically.
A rebound after an oversold condition is a natural market phenomenon, which is why yesterday’s short positions were decisively closed. There’s no need to risk for the last 10 to 20 dollars of decline, only to end up losing 40 to 60 dollars in gains. It’s not worth the cost.
Now, ZEC’s price is gradually stabilizing, and the previous bearish pressure has been mostly digested. This is a good time to shift strategies and prepare to go long. It is recommended to open a position around the current price of 430. If it retraces to 400, add to the position, with a new low set as the stop-loss point. The strategy is clear: enter the market with the mindset to take profits when the time is right—don’t be greedy.