$ZEC
ZEC first wave short position opened at 720, making a weekly level pullback, aiming for 375, with a minimum of 300, many bulls are cursing, not understanding, saying it should reach 1000-2000, which is really scary.
Her structure is still very standard, more stable than the second pie and such~ The false breakout and breakdown actions of the second pie are quite frequent, in the later stage try to do some mid-line positions, stop-loss should be adjusted to between 50-60 dollars, so that the profit-loss ratio is 1:3, the 30 dollar defense point is not positioned well, entering the market will hit your stop-loss and then move in your direction.
The second wave of short positions for ZEC were opened from the top at 548, reducing positions when it first broke 480, then rebounding to 520-510 to add short positions, and rolling positions short again when it broke 480. The remaining positions will take profit in batches at 404-388, which means we captured all the decline of the first three waves of the five-wave drop shown in the chart, but did not participate in the fifth wave drop. However, there was a reminder in the group last week that you could take a rebound long position around 355-325, and today it reached 330 and stopped falling; the entity did not break the 355 level, so there is no need to panic after entering a long position.
So the entry point is not important, a clear structure can yield a good profit-loss ratio, and there is a chance to succeed in trading, it's not just about following the wind. If you keep holding, your position point is not well placed, and it's uncomfortable to hold on to the floating profit.
Actually, this result is not surprising at all.
From the highest point of 555 down to 330, just exactly 3 boxes,
The first box 555-480
The second box 480-406
The third box 406-330
Updating the view on ZEC,
Maintaining 330-300 will likely have a zigzag adjustment rebounding to around 458-478, where we can layout again for a long-term short position, aiming for 252-150.