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$ZEC UPDATE 🚨
I opened a $20k short position in $ZEC 📉
A lot of influencers are now calling for crazy targets like $1000+ after this huge pump…
But honestly, I would rather warn people before the market turns instead of posting hopium after the move is already done.
We already caught a huge part of the $ZEC rally, and I even talked about the possible move toward the $700 area almost 2 weeks ago before this pump really started 👀
Now looking at the current chart:
• Price is entering a heavy resistance zone
• RSI already looks overheated
• Risk/reward for fresh longs is becoming weak
• FOMO is starting to increase everywhere
Does this mean $ZEC cannot pump a little more? Of course not. Crypto can always become irrational for some time.
But personally, I think the bigger part of the move is already done for now, and chances of a cooldown or local top are increasing fast.
Be careful chasing green candles here. Protect your profits and don’t let emotions control your trades.
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