Recently, the performance of several cryptocurrencies in the market is worth paying attention to.
ZEC has been on a good rise these past two days, breaking above $500 and approaching the previous high of $728. From a technical perspective, resistance at the previous high is quite obvious, making it a good shorting opportunity. If a short position is entered and the price retraces to the $580 range, the risk-reward ratio is quite favorable. As a reference, our previous short at $728 was held until $388, earning over 20 times the profit. For friends who entered around $400 and got caught, there is now an opportunity to add to the short at the $728 level to lower the average entry price, and later consider closing the position around or below $580 to realize gains.
BTC's recent situation is quite interesting — it has experienced a false breakout near $89,000 for the 4th time. Last Friday, after the market opened, it retraced to around $87,000, and now it’s stuck in a sideways pattern. If an opportunity arises later, a pullback to $85,388 or $80,888 followed by a rebound would be a very good left-side entry point. For traders who previously went long at high levels, there’s no need to rush; wait until the price confirms support at $80,888 or breaks above $89,000 and stabilizes before considering chasing the rally or adding to positions.
ETH’s trend also requires attention — the last time I closed a position after reaching over $3,000 from around $2,900, and this week it has been fluctuating near $2,900. The most easily overlooked aspect in trading is extreme scenarios: the lowest point during the last sharp decline was around $2,620. This number is very critical; traders who like to hold through dips should be aware of this and understand what the worst-case scenario could be. When the market truly moves, having this knowledge in mind will prevent panic exits.
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GateUser-beba108d
· 11h ago
728 That wave of over 20x really is amazing. Is there another opportunity now?
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BTC's fake breakouts have happened four times. I'm getting tired of it haha
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ETH 2620 is a key number to remember. Don't hold on until liquidation
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ZEC 580's risk-reward ratio is indeed attractive, but I'm worried about catching the top
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It's another story of "waiting for the left-side entry point." Easier said than done
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Friends holding positions, wake up. If 2620 really comes, can you hold on?
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Adding shorts at high levels to lower the average price. This move sounds a bit like throwing a tantrum
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BTC 89000 is a fake-out. Let's wait for confirmation signals before making a move
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ETH is hovering around 2900. Seems like there's no more noise
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This analysis is just advising us not to be too greedy. Listening can't hurt
View OriginalReply0
MEVHunterNoLoss
· 11h ago
That wave of over 20 times at 728 is truly amazing. Now there's another chance, and it's really tempting.
Recently, the performance of several cryptocurrencies in the market is worth paying attention to.
ZEC has been on a good rise these past two days, breaking above $500 and approaching the previous high of $728. From a technical perspective, resistance at the previous high is quite obvious, making it a good shorting opportunity. If a short position is entered and the price retraces to the $580 range, the risk-reward ratio is quite favorable. As a reference, our previous short at $728 was held until $388, earning over 20 times the profit. For friends who entered around $400 and got caught, there is now an opportunity to add to the short at the $728 level to lower the average entry price, and later consider closing the position around or below $580 to realize gains.
BTC's recent situation is quite interesting — it has experienced a false breakout near $89,000 for the 4th time. Last Friday, after the market opened, it retraced to around $87,000, and now it’s stuck in a sideways pattern. If an opportunity arises later, a pullback to $85,388 or $80,888 followed by a rebound would be a very good left-side entry point. For traders who previously went long at high levels, there’s no need to rush; wait until the price confirms support at $80,888 or breaks above $89,000 and stabilizes before considering chasing the rally or adding to positions.
ETH’s trend also requires attention — the last time I closed a position after reaching over $3,000 from around $2,900, and this week it has been fluctuating near $2,900. The most easily overlooked aspect in trading is extreme scenarios: the lowest point during the last sharp decline was around $2,620. This number is very critical; traders who like to hold through dips should be aware of this and understand what the worst-case scenario could be. When the market truly moves, having this knowledge in mind will prevent panic exits.