ZEC is currently priced at just over 388. I think there is still a chance to bottom out at this level. If you want to participate, don't leverage too high; 15x is the ceiling. You can exit after holding for a day or two.
Based on my personal trading logic, the first batch of additional positions was placed around 384, with a stop loss set at 371.5, so risk management is relatively prudent. Of course, my own position is to chase longs at the current price, with additional entries at 381 and a stop loss at 307. But this approach is more aggressive, and you don't have to follow exactly.
From a technical perspective, around 383 there is indeed a concentrated wall of buy orders, which is an important reference. If this level is broken, the subsequent trend will need to be reassessed. In short, keep an eye on the market, and don't treat trading like gambling.
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SerumSquirter
· 9h ago
That sell wall at 384 feels a bit fake; it's hard to tell if it will break or not.
Thinking of figuring it out in a day or two? Haha, this move feels like it's trying to sweep stop-losses.
That stop-loss range at 307... Are you gambling or actually stopping the loss? I'm a bit confused.
ZEC is too volatile; 15x leverage is almost like playing with fire.
Breaking below 383 will probably cause a direct plunge, and then it'll be another feast of liquidations.
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WhaleWatcher
· 9h ago
I'm also watching the 384 level, but chasing at 387 is a bit close to the top.
Not going 15x with you, can't afford that kind of thrill.
Breaking 383 is the real test; anything said now is pointless.
You handle stop-losses meticulously, I just go all in, that's it.
Expect it to come out in a day or two; that's the right mindset, don't turn into a trapped hero.
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LiquidityHunter
· 9h ago
What is the liquidity depth data of that 383 barrier? I want to see the actual buy order accumulation... Just talking about concentration is meaningless; I need to dig into the order book to know how much bottom-fishing space there really is.
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SchroedingersFrontrun
· 9h ago
This brother really dares to set the stop loss at 307, how much does it need to drop...
ZEC this wave is indeed a bit interesting, but 15x leverage is still better to forget, I get nervous just looking at it.
Does that order at 383 really exist? It feels like every time they say there's a barrier, but then it gets broken through...
I really can't understand the logic behind playing like this for two days, short-term trading is really profitable.
Is the stop loss at 371.5 too tight? One fluctuation and you're out.
It's better to be honest and hold the actual assets; leverage can easily make people get reckless.
ZEC is currently priced at just over 388. I think there is still a chance to bottom out at this level. If you want to participate, don't leverage too high; 15x is the ceiling. You can exit after holding for a day or two.
Based on my personal trading logic, the first batch of additional positions was placed around 384, with a stop loss set at 371.5, so risk management is relatively prudent. Of course, my own position is to chase longs at the current price, with additional entries at 381 and a stop loss at 307. But this approach is more aggressive, and you don't have to follow exactly.
From a technical perspective, around 383 there is indeed a concentrated wall of buy orders, which is an important reference. If this level is broken, the subsequent trend will need to be reassessed. In short, keep an eye on the market, and don't treat trading like gambling.