The day before yesterday, we made a short-term market judgment on ZEC in the group—buy the dip when it rebounds above 470, and don't chase aggressively. As a result, yesterday it surged to a high of 476, then immediately turned down. Some friends didn't listen and kept chasing longs at a high level, and the final consequence was that their contracts were liquidated directly. This wave of market movement is a typical example of a high point trapping. For volatile coins like ZEC, technical resistance levels often serve as signals—breaking through might just be a short-term pulse, and if there's no follow-up volume, the rebound can reverse with considerable damage. While the mentality of chasing the market can be understood, controlling risk is always more important than greed for a small profit when there are no clear breakout signals.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
9 Likes
Reward
9
6
Repost
Share
Comment
0/400
RugpullAlertOfficer
· 6h ago
Once again, human greed... 476 that wave was obviously a trap, how did the brothers who went in do?
View OriginalReply0
NestedFox
· 12-14 06:57
Another vivid example, 476 trapped people to death. This wave is indeed a textbook-level high point.
View OriginalReply0
ZkSnarker
· 12-14 06:55
well technically, the classic "i told you so" moment—except the people who actually needed to hear it were already all-in at 475. here's the thing about resistance levels: they're not suggestions, they're exit signs. imagine if more folks treated greed like a bug in their code instead of a feature. anyway, the volume divergence was kinda obvious in hindsight ngl
Reply0
MetaverseVagabond
· 12-14 06:52
Chasing the rally really easily leads to losses; that move at 476 was a bit harsh.
View OriginalReply0
LongTermDreamer
· 12-14 06:46
Oh no, someone didn't listen again. Position 476 is really just a pulse. ZEC has been like this for three years. Anyway, I've given up.
View OriginalReply0
StealthMoon
· 12-14 06:34
It's another story of catching the top, ZEC is really fierce this time.
---
I'm also watching the 476 level, I already sold earlier. Still, there are too many greedy people.
---
Resistance levels are resistance levels. If you can't break through, don't force it—it's that simple.
---
Brothers getting liquidated deserve it. No one can stop chasing the rally once you're caught up in the hype.
---
Honestly, ZEC's volatility is just like this. No technical signals at all, and still dare to go all in?
---
The speed at which 476 collapsed is truly remarkable. The contract was instantly liquidated. That's the price of greed.
---
People who don't listen to advice always end up like this; they'll be back next time.
The day before yesterday, we made a short-term market judgment on ZEC in the group—buy the dip when it rebounds above 470, and don't chase aggressively. As a result, yesterday it surged to a high of 476, then immediately turned down. Some friends didn't listen and kept chasing longs at a high level, and the final consequence was that their contracts were liquidated directly. This wave of market movement is a typical example of a high point trapping. For volatile coins like ZEC, technical resistance levels often serve as signals—breaking through might just be a short-term pulse, and if there's no follow-up volume, the rebound can reverse with considerable damage. While the mentality of chasing the market can be understood, controlling risk is always more important than greed for a small profit when there are no clear breakout signals.