Scan to Download Gate App
qrCode
More Download Options
Don't remind me again today

To be honest, I really don't understand chasing rising prices at this point.



Looking up, that's a solid pressure zone. Flip through the 4-hour candlestick chart? All long upper shadows, it's all evidence of being pushed back after a surge. Logically speaking, a bullish outlook should wait for the price to firmly settle in this range before breaking out with volume, right?

So what now? It just happened to hit the resistance level and turned around.

In this position, I'd rather try a short position even if it's the wrong direction—of course, the stop-loss must be tight. The technical indicators for ZEC are there; blindly chasing rising prices carries quite a risk.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 1
  • Repost
  • Share
Comment
0/400
0xInsomniavip
· 4h ago
The resistance level is repeatedly pressed, this wave is indeed precarious. Try a short order for the feel, don't be soft on the stop loss.
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)