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Billymkk
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$ZEC is a good reminder that price action can stay irrational longer than a short can stay comfortable.
When positioning gets crowded, a bullish catalyst—or even just the absence of the expected sell-off can trigger a violent squeeze.
I’m not trying to guess what whales are doing.
I’m watching levels, volume and confirmation.
News is a catalyst. Structure is the signal.
如鱼得水。。。
$ZEC 822 short Sandisk trapped me for 5 months, and in the end, I couldn't hold on and took a loss cutting my position. On 816, I shorted another ZEC privacy coin, not sure what positive news caused such a big surge. Previously it crashed due to a hacker vulnerability, now it’s growing crazily every day like a mad dog. Something priced over 800 really can't be shorted; once you short it, you can't get off the stage. And we all know the probability of an interest rate hike early tomorrow morning is 90%, but the manipulative whales deliberately stir things up. I guess many people got trapped between 700 and 800, even 900~1000, and some shorted at 1100. Then the whales use the news of the rate hike to push the price up sharply, aiming to harvest profits. Because we all know there will be a rate hike today, so it should drop; today is a chance to break even. So the whales use today's rate hike smoke screen to harvest us. Often you have to do the opposite of the news. They say rate hike. But the timing hasn't come yet, it doesn't necessarily have to drop. If you enter your position early, it might get liquidated. This is the psychology of the whales 😫😫😫😫
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