ZEC's performance yesterday was really heartbreaking—dropping from 480 to 422 in one go, a decline of over ten points that disappeared in an instant. The candlestick chart looks like it was hit hard with a punch, with the SUPERTRND's 418 support level nearly touched, trading volume spiking to 2.5 billion, a classic sign of panic selling.
The large red candle on the daily chart directly wiped out the gains from the previous three days, and the MACD indicator's green bars almost broke the scale. It feels like buying something that hasn't even arrived yet and then breaking down—frustrating to watch. But from another perspective? Maybe picking it up now could actually be useful.
What is the direct cause of market panic? The ECC development team announced yesterday that they are collectively resigning, citing irreconcilable differences with the governance layer in terms of philosophy. The team turned against each other, and investors would be crazy to stay calm. Last week, I placed an order at a high of 500, and now I’m directly trapped. This feeling is exactly the same as when LUNA collapsed completely back then—I really want to slap myself.
What’s even more nerve-wracking is that a whale just transferred 70,000 ZEC to a major exchange, clearly intending to dump. But think about it differently: this is a leader in the privacy coin field, which even hit 775 at the end of last year. Now, at this price? It’s like clearance sale items in a convenience store nearing expiration—50% off. Maybe drinking it might even feel pretty good?
I’ve decided to go long at 420. You might think I’ve lost my mind, but history has a way of speaking. Remember the DOGE internal conflict in 2021? I entered when it dropped 15 points, and three days later, it rose 30 points. When you catch a falling knife, the key is to catch it at the right position.
My strategy is clear: buy in at 420 now, betting on a rebound to 450. Set the stop-loss at 410—if it loses 10 points, accept defeat and exit. Instead of following panic selling blindly, it’s better to operate strategically in the opposite direction.
There’s one more detail worth mentioning—the fundamental tech of this project hasn’t collapsed; it’s just that the development team changed. It’s like a restaurant changing owners; the taste of the dishes remains the same, but no one dares to enter temporarily. Once the storm passes, funds that truly believe in the fundamentals will naturally come back.
Have you ever encountered a similar situation? When the project team changes and large funds exit simultaneously, do you choose to follow the trend and run, or wait and watch the show? Moments like these often hide opportunities—it's all about whether you dare to take action.
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MEV_Whisperer
· 01-11 12:38
Wow, another "I want to buy the dip" story. Entering at 420 to bet on a rebound? I bet your 10-point stop-loss will definitely get triggered, and then you'll have to come up with a new technical analysis reason again.
View OriginalReply0
AmateurDAOWatcher
· 01-09 00:50
I'm also watching the 420 level, but I don't have confidence in it.
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I was also involved in the LUNA wave. Now looking at ZEC gives me some PTSD.
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Is the team disbanded? Forget it, I'll wait and see.
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Whales dumping the market, just let them do it. Anyway, I have no money to buy the dip.
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I've heard this logic too many times. Every time it's said, and then nothing happens.
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Taking flying knives, taking flying knives, and in the end, you get cut by flying knives.
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Brothers who took orders at the 500 high level, I advise you not to mess around anymore. Just accept it.
View OriginalReply0
0xSoulless
· 01-09 00:50
Ha, it's the same old "profit from flying knives" script. Last time it was LUNA, and now the grass on the grave is already three feet high.
The team ran away claiming "the fundamentals haven't collapsed," they really dare to say that. The last lifeline for the leek is this kind of self-hypnosis.
70,000 ZEC dumped, and this guy still wants to buy the dip at 420? I really admire that. But... it might actually be profitable, it's a matter of probability—if you bet right, you're a genius; if you bet wrong, you're a leek.
How to choose, run or stay? I choose the third way—transfer everything to the exchange. I'm going to sleep, so I don't get so mad watching the market.
View OriginalReply0
AirdropHunter420
· 01-09 00:50
420 is indeed an attractive level, but I was also in during the LUNA wave, and the psychological shadow hasn't fully faded yet.
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The team breaking up is bound to cause short-term panic; it all depends on who can withstand the psychological pressure.
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The analogy of clearing out at 50% off is brilliant, but the problem is we have no bottom line—can it still fall to 410?
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I'm not afraid of whales dumping, but I'm worried they'll keep dumping even after the initial sell-off—that's true despair.
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I've heard many times that the technicals look good, but what happened in the end? Don't you have a clue?
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I really want to catch this flying knife, just afraid that if I don't catch it, I'll end up bleeding myself.
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That wave of DOGE was indeed impressive, but can the environment be the same? Back in 2021, the whole market was going crazy.
View OriginalReply0
Gm_Gn_Merchant
· 01-09 00:47
Entering at 420? Bro, your guts are incredible. I can only say, if you bet right, you're a prophet; if you bet wrong, you're a martyr.
View OriginalReply0
ZeroRushCaptain
· 01-09 00:45
420 Bottom? Bro, how many times have you said "this time is definitely different"... You said the same thing during the LUNA wave.
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HappyMinerUncle
· 01-09 00:34
Damn, entering at 420 to catch a flying knife? How big is your heart, bro?
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Can a rebound happen just because the team ran away? I doubt it, ZEC looks a bit mysterious this wave.
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The bloody lesson from LUNA, really should be reflected upon.
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70,000 ZEC dumped, this isn't just selling off, it's testing who dares to buy.
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The analogy of convenience store items about nearing expiration is spot on, but I'd rather not drink it.
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I believe in the technicals not collapsing, but market confidence has shattered—that's the real problem.
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Is 420 really the bottom? I think it could break even further.
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Counter-trend trading sounds great, but it can easily turn you into a bagholder.
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Bet on a rebound to 450? The market atmosphere doesn't support that fantasy.
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Uncle miner, I really respect you, but you dare to leverage up at this moment?
ZEC's performance yesterday was really heartbreaking—dropping from 480 to 422 in one go, a decline of over ten points that disappeared in an instant. The candlestick chart looks like it was hit hard with a punch, with the SUPERTRND's 418 support level nearly touched, trading volume spiking to 2.5 billion, a classic sign of panic selling.
The large red candle on the daily chart directly wiped out the gains from the previous three days, and the MACD indicator's green bars almost broke the scale. It feels like buying something that hasn't even arrived yet and then breaking down—frustrating to watch. But from another perspective? Maybe picking it up now could actually be useful.
What is the direct cause of market panic? The ECC development team announced yesterday that they are collectively resigning, citing irreconcilable differences with the governance layer in terms of philosophy. The team turned against each other, and investors would be crazy to stay calm. Last week, I placed an order at a high of 500, and now I’m directly trapped. This feeling is exactly the same as when LUNA collapsed completely back then—I really want to slap myself.
What’s even more nerve-wracking is that a whale just transferred 70,000 ZEC to a major exchange, clearly intending to dump. But think about it differently: this is a leader in the privacy coin field, which even hit 775 at the end of last year. Now, at this price? It’s like clearance sale items in a convenience store nearing expiration—50% off. Maybe drinking it might even feel pretty good?
I’ve decided to go long at 420. You might think I’ve lost my mind, but history has a way of speaking. Remember the DOGE internal conflict in 2021? I entered when it dropped 15 points, and three days later, it rose 30 points. When you catch a falling knife, the key is to catch it at the right position.
My strategy is clear: buy in at 420 now, betting on a rebound to 450. Set the stop-loss at 410—if it loses 10 points, accept defeat and exit. Instead of following panic selling blindly, it’s better to operate strategically in the opposite direction.
There’s one more detail worth mentioning—the fundamental tech of this project hasn’t collapsed; it’s just that the development team changed. It’s like a restaurant changing owners; the taste of the dishes remains the same, but no one dares to enter temporarily. Once the storm passes, funds that truly believe in the fundamentals will naturally come back.
Have you ever encountered a similar situation? When the project team changes and large funds exit simultaneously, do you choose to follow the trend and run, or wait and watch the show? Moments like these often hide opportunities—it's all about whether you dare to take action.