$ZEC continues to rebound. I’ve done pretty well with this round of ZEC trading. Anyone with a bit of technical knowledge would know this ZEC trend is like giving away free money—the volatility is big enough to be perfect for contracts. I opened a short at 522 and added to my position when it broke below 420. At the time, I openly said in the plaza that I was targeting around 300. Later, when ZEC dropped to around 300, I also told everyone in the plaza that I had closed my short and went long instead. So far, the overall trend has been basically under my control. Many people let their emotions dictate their trading; their trading emotions are driven by the candlesticks, which easily leads to going long at resistance and short at support. For this next ZEC rebound, the resistance zone is between 420 and 450. The market doesn’t just go up in a straight line; there will be countless drops in between. Similarly, during downtrends, it’s not just a straight fall—there will be plenty of rebounds in between.
For those of us trading contracts, if you know a bit of technical analysis and can identify a few key points to open positions, and don’t get swayed by market emotions, the probability of making money is already at 80%.
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$ZEC continues to rebound. I’ve done pretty well with this round of ZEC trading. Anyone with a bit of technical knowledge would know this ZEC trend is like giving away free money—the volatility is big enough to be perfect for contracts. I opened a short at 522 and added to my position when it broke below 420. At the time, I openly said in the plaza that I was targeting around 300. Later, when ZEC dropped to around 300, I also told everyone in the plaza that I had closed my short and went long instead. So far, the overall trend has been basically under my control. Many people let their emotions dictate their trading; their trading emotions are driven by the candlesticks, which easily leads to going long at resistance and short at support. For this next ZEC rebound, the resistance zone is between 420 and 450. The market doesn’t just go up in a straight line; there will be countless drops in between. Similarly, during downtrends, it’s not just a straight fall—there will be plenty of rebounds in between.
For those of us trading contracts, if you know a bit of technical analysis and can identify a few key points to open positions, and don’t get swayed by market emotions, the probability of making money is already at 80%.