Why did I choose to go long $ZEC ? Is it still an opportunity now?
From the market perspective, ZEC rebounded quickly after a sharp decline, showing a clear V-shaped reversal, indicating strong support below.
The current price is steadily above the short-term moving averages, and as long as it doesn't break on pullbacks and oscillates higher, it is a typical strong consolidation.
With matching volume and a complete structure, as long as it doesn't break critical support, the probability of continuing to test previous highs is higher.
Remember one thing: this kind of 'wash and go' trend often provides an opportunity to get on board given by the main force!!! It all depends on whether you can seize it.
So I chose to take my fans in early on a long position, which has already realized a small profit; just hold on, with a target of 500, and profit-taking and stop-loss levels have been provided in the chat room.
