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#梗币ETF $ZEC is currently stuck in a high position, repeatedly oscillating. But if you look at the strength of the rebound, it is getting weaker each time. The trading volume is not keeping up, which is typical of a longer losing momentum.
From the graphical structure, it has already turned to a bearish dominance. The market is grinding with time, waiting for opportunities. Once the support below is broken, selling pressure will surge, and a rapid decline is likely to occur.
This level is not suitable for betting on a Rebound. Following the market rhythm, a bearish approach is more reasonable. Some traders have already entered the market in batches according to this logic.
Let's see how the market interprets it, don't be anxious.
Continue to track the trends of cryptocurrencies such as RAVE, CYS, LIGHT, NIGHT, etc.
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Trading volume is sluggish, the bulls are really at a loss. If the support breaks, it's time to run.
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I'm also waiting to see how the support level performs, don't rush to buy the dip.
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This wave of momentum is about trading time for space, be patient and wait for the opportunity.
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ZEC is indeed not suitable for betting on a rebound now, following the trend with a short position is more profitable.
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Rebounds that don't match the trading volume are all fake, I've seen it long ago.
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The idea of building short positions in batches is not wrong, I’ve also started to position accordingly.
Once the short positions break, it's time to run, don't buy the dip and hold on stubbornly.
I'm also following RAVE and LIGHT, let's see who breaks out first.
Rebound is a dumping opportunity, remember that.
Once the support is gone, it's over, we need to wait this time.
The bulls are indeed lacking strength, and the volume is not keeping up.
The short position strategy is reliable, and I’m also waiting for the moment when the support level breaks.
Don’t be greedy for a rebound, going with the trend is the way to go.
I’m also following RAVE and LIGHT, waiting to see who presents an opportunity first.
Once the support is broken, the situation will change, and the short positions are fine.
Let's wait and see, don't rush to enter a position.