Over the past two days, ZEC has slowly retracted the gains it previously made. When I wrote about it on Thursday night at 1,305.35, I thought: “The high of 1,351 is right above—this time, it might break through.” And it did. By Friday night, it climbed all the way to 1,388.00, just barely missing 1,398. I stared at the screen, thinking: “This is it—it’s going to take off.” Then what happened? No crash. No steep plunge. Just one after another bearish candle slowly pushing it down. By Saturday, it had lost 1,340, then 1,300. Now, at Sunday morning, it’s at 1,262.54. From its peak of 1,388, it’s retraced 9%. From its low of 1,120.03, it’s still up 12.7%. What’s most frustrating is that the rise happened in a single day, but the pullback took a full day to unfold—gradually, inch by inch. Every time you look, it seems like just a minor correction. Look again, and you realize you’ve already lost a big chunk. When it was rising, you wanted to chase. Now that it’s slowly falling, you wait. And you keep waiting. Did you chase it near 1,388? Or did you finally act at 1,260? #Zcash #ZEC zcash:native
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