Everyone heads west, I head east
Many people are puzzled. A few days ago when ZEC surged, you kept saying to short it, and now that it’s starting to drop sharply today, you’re saying to go long?
You’re right, today I’m saying to go long.
The long-term bearish logic for ZEC hasn’t changed, but as I said yesterday, this is a strong coin controlled by a major player, and it’s currently in a critical period of a fierce battle between bulls and bears, a desperate struggle. The major player can accept a market-wide pullback, meaning ZEC falls along with the overall market, but definitely cannot accept the scenario where the overall market rises and ZEC falls alone. I’ve also mentioned before that time is ZEC’s biggest enemy; the longer it goes, the harder it is to control the market. Right now, bulls and bears are still fighting over orders, market sentiment is high, and it can still attract speculative capital. Once the major player can’t counterattack during a downtrend, the entire market will turn bearish, so where will the major player’s coins go?
In my view, ZEC’s movement today will first pull back then drop, and in the afternoon or evening, it will surge explosively. (The above is my personal speculation; if you have other ideas, please share them in the comments.)
$ZEC
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