Been tracking ZCash closely lately. The pressure's still mounting, and here's the weird part—everyone on social platforms seems locked onto that 210-230 zone, eyeing a double top formation around 232-242.
But you know what happens when the crowd gets too confident about one direction? Markets love throwing curveballs. There's a real possibility we see a pullback first, potentially testing the 400 level. Could even reach back to that 425 neckline before any serious downside move materializes.
When consensus gets this strong, fade it. Or at least prepare for the opposite scenario playing out initially. That's how these things tend to unfold.
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GateUser-859d113e
· 1h ago
Stay strong and HODL💎
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YieldHunter
· 2h ago
nah this is the classic "everyone sees it so it won't happen" trap... if you look at the data tho, that 400 retest actually makes sense given the correlation coefficient w/ eth volatility rn. degens are gonna get liquidated watching for 232 while smart money accumulates lower. seen this movie too many times
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ZKProofster
· 3h ago
ngl the 400 retest thesis is actually interesting but that consensus fade logic cuts both ways—what if everyone's already positioned for the reversal? then you're just front-running the front-runners lmao
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RektRecorder
· 3h ago
Ha, here comes another "Reverse operation" argument... I've heard this trap of reasoning many times, and in the end, it's still just betting on probabilities.
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SelfCustodyBro
· 3h ago
Everyone is focused on 210-230, I just want to do a Reverse operation... Is it true that it will go back to 400?
Been tracking ZCash closely lately. The pressure's still mounting, and here's the weird part—everyone on social platforms seems locked onto that 210-230 zone, eyeing a double top formation around 232-242.
But you know what happens when the crowd gets too confident about one direction? Markets love throwing curveballs. There's a real possibility we see a pullback first, potentially testing the 400 level. Could even reach back to that 425 neckline before any serious downside move materializes.
When consensus gets this strong, fade it. Or at least prepare for the opposite scenario playing out initially. That's how these things tend to unfold.