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ZEC's recent operations are truly confusing yet hard to look away from.
You say it's popular, and it really is—it's on the trending charts every day, as if the entire market is watching it. When you open the chart, it's either climbing or gearing up for the next round of momentum. What's even stranger is that every time the price pulls back to the 20-day moving average, it bounces back like it has a spring mechanism—"bang" it shoots back up, as precise as if someone is timing it with a stopwatch.
Seeing this trend, to be honest, it makes my heart itch. Should I make a quick move on the short-term? Try it out with a small position?
But on second thought, this thing is like a temperamental big horse at a circus: you watch it run majestically from outside the fence, but if you actually get on it? You might be thrown to the ground in 0.1 seconds. Maybe just as you touch the saddle, it suddenly makes a sharp turn and leaves you hanging in the treetops, unable to get down.
Now stuck in this awkward situation—
Want to enter the market, but afraid of catching the last baton;
Want to wait for a pullback, but worry that it won't turn back;
Even if I cautiously test the waters with a small position, I'm still afraid of being harshly taught a lesson by the market.
After watching from the sidelines for so long, I can only comfort myself: "Is this ZEC really powerful, or just good at acting?"
If it steps on the 20-day moving average again next time, would you dare to take action?