$BTC is down 1.79% at $61,699 and I want to tell you something most people are missing right now, Bitcoin's volume is still $12.95 billion today which means serious money is still actively trading it, this is not a panic exit, this is normal price consolidation, spot traders who are sitting on BTC right now should hold their position, $60,000 is the level to watch.
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#BTC $BNB $ETH #altcoins
Well... the ETH bear finally decided to cash in some profits😅.
Hope you all remember the whale who spent the last two days borrowing huge amounts of $ETH from Aave and sending it straight to Binance.
Turns out the trade actually worked. Between June 8 and June 9, address 0x1be4 used roughly $132 million in stablecoins as collateral, borrowed and sold a total of 35,000 ETH, with an average selling price around $1,672. Then, about 3 hours ago, something changed. For the first time since opening...
$ZEC is down 1.54% today at $438 and from my own view that is not something to worry about at all, the whole market is red, $BTC is down 1.79%, $ETH is down 1.89%, ZEC is simply moving with the market while quietly recovering from $250 to $438 in under two weeks with the Ironwood upgrade targeting end of July, I personally think the story for Zec is just getting started.
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I find it very interesting that $VELVET is up 19.52% and $BEAT is up 9.47% on the exact same day that BTC, $ETH , SOL and ZEC are all red, the market is not sleeping, it is just moving money from one place to another, your job as a trader is to figure out where it is going before everyone else does. 👀
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Garrett Jin Couldn't Stay Away From ZEC... But This Time He's Betting on the Upside
Well, that didn't take long.
After banking an $11.24 million profit on his previous ZEC short, Garrett Jin is back in the trade , except this time he's completely switched sides.
Instead of betting against ZEC, he's now betting on a rebound.
Garrett has opened a 2x leveraged long on 27,723 ZEC, a position worth roughly $11.9 million. So far, the market hasn't been kind to the new trade, with the position already ...
I came across these $HYPE and $ZEC trades, and one thing stood out immediately, the leverage. The HYPE trade was running at 10x and ended with a massive loss after price moved against the entry. Looking at it, I really think the position size was doing more damage than the actual market move.
The $ZEC trade wasn’t as painful, but it tells a similar story. In my opinion, both trades could have benefited from tighter risk management and earlier exits. Sometimes a small loss feels annoying, but ...
💰 $LIT STRUCTURE BREAKOUT
🔼 LONG
✳️ ENTRY: 1.4800 – 1.3900 – 1.33
🎯 TARGETS: 1.5600, 1.6200, 1.7100, 1.8300, 1.9600, 2.25000, 3.000, 5
🀄️ LEVERAGE: 10x
🔴 STOPLOSS: 1.2700
#LIGHETER has one of the strongest market structures among recent movers. After months of accumulation near the bottom, price has broken its long-term downtrend and established a clear sequence of higher highs and higher lows across multiple timeframes.
The Daily chart remains firmly bullish with price trading abov...
Have you ever been wrong twice in a row?
I came across these $ZEC trades and they got me thinking.
The trader went long and lost.
Then went short and lost again.
Most people would be frustrated after that, even me, I would be frustrated if I lose a trade both ways, it is painful for real.
What caught my attention is that the trader didn’t stick to one idea. When the long failed, they looked for a short opportunity instead.
In my opinion, losing money isn’t what hurts traders the most, It’s...