Direction: 1x long-term short position, enter in batches Entry: around 540-560 Confidence level: Medium Leverage: 1x Position size: 15% of total each time Take profit: Level 1: around 510 (conservative) Level 2: around 480 Level 3: around 410 Stop loss: 1x will not cause liquidation; hold if caught, it will come down eventually. Reason: ZEC around 560 faces strong resistance, worth a try. If caught, just hold on; as the hype subsides, it will drop. Note: Do not place orders at exact integers, as they are hard to execute. Placing orders slightly below resistance or slightly above support makes execution easier. Due to many fake breakouts and fake breakdowns now, to prevent this, we set stop-loss slightly higher, lower the risk-reward ratio, and significantly increase the win rate when trading.
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ZEC
Direction: 1x long-term short position, enter in batches
Entry: around 540-560
Confidence level: Medium
Leverage: 1x
Position size: 15% of total each time
Take profit: Level 1: around 510 (conservative) Level 2: around 480 Level 3: around 410
Stop loss: 1x will not cause liquidation; hold if caught, it will come down eventually.
Reason: ZEC around 560 faces strong resistance, worth a try. If caught, just hold on; as the hype subsides, it will drop.
Note: Do not place orders at exact integers, as they are hard to execute. Placing orders slightly below resistance or slightly above support makes execution easier. Due to many fake breakouts and fake breakdowns now, to prevent this, we set stop-loss slightly higher, lower the risk-reward ratio, and significantly increase the win rate when trading.