These few charts can completely explain why my trading mindset has recently been shattered. The third chart shows my short position on $ZEC, which I entered after observing a four-hour volume drop. I held it for a long time until 1520, when I set a breakeven stop loss, and then it suddenly reversed upward, hitting the breakeven stop loss and immediately dropping!
The second chart shows me reopening a small short position, and similarly, after hitting the stop loss, it immediately dropped. Now it's down to 1475. Even a coin like zec$ZEC, which has strong buying support, can be manipulated long and short against me. I really don't know how to play this anymore! So the reason I don't want to open positions is exactly this—it's really exhausting!
As for zec, I am currently completely bearish. The next support level to test is around 1250. With $BTC and Ethereum both strong, zec is struggling to hold up. I expect a big waterfall correction coming! Sigh 😮💨
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