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ZEC experienced a significant rally, breaking through key resistance levels and soaring above $460, catching many people's attention. Trading volume increased, and RSI soared above 84, indicating a strong upward momentum, with some even calling for a target of $600.
But the more this happens, the calmer you should stay. This kind of "stealthy" price manipulation often doesn't reflect long-term value, but rather a carefully crafted emotional game. Why do I say that?
Look, technical indicators clearly show overbought conditions, with RSI exceeding 84, and the price even breaking above the upper Bollinger Band—usually a short-term overheating signal. In other words, those chasing the high are flooding in wildly, while smart money might already be quietly pulling back. Interestingly, although some large holders are increasing their positions, there are still whales holding significant short positions. What does this mean? Some in the market are bullish, while others are secretly shorting, leading to serious divergence in opinions.
In such a market, if you’re just happy with floating gains, you might end up with only "paper wealth" in the end. As the old crypto saying goes: "Those who buy are apprentices; those who sell are masters." The rally isn't meant to make you rich but to attract you in, then—cut the leeks.
So don’t be fooled by short-term gains. The real risk often hides behind the celebration. If you already hold ZEC, especially with good profits, consider gradually reducing your position. Money only belongs to you when it’s in your pocket; the numbers on the screen can disappear in an instant. $ZEC #加密市场小幅回暖