Were you stunned the moment the market opened too? ZEC stalled right after barely touching 420, and all those voices shouting “1,000 points within reach” suddenly went quiet. Don’t rush to complain—we’ll break it down today. The current situation is more precarious than walking a tightrope.

Let’s start with something painful: does anyone remember the 700 level? When it suddenly plunged and broke support, I was in the chat group at midnight saying “something’s off,” and a bunch of people accused me of being bearish. What happened next? They got trapped themselves. That crash wasn’t a normal correction—the main players were clearly pulling out. The traces of heavy buying were still on the K-line, but then came a massive sell-off. Honestly, it was “we’ve made all the profit we could, goodbye.”

Yesterday’s market was even funnier—lured people in during the morning, then nosedived in the afternoon. This is a classic setup: those who chase the highs get trapped, and those who can’t hold the lows are shaken out. Don’t let emotions drive you in a market like this—look at real indicators. The five-wave structure on the daily chart finished a while ago. What does that mean? This cycle of increases has fully played out; it’s like trying to sprint after running a marathon—you’re not pushing your limits, you’re asking for trouble.

Looking further out at the monthly chart, that long upper shadow looks like a warning siren. A monthly candlestick like that means a lot of big funds are unloading at the top, and the selling pressure is so strong that buyers can’t keep up. Still hearing talk about a “target of 1,000”? Buddy, reaching four digits would take sustained inflows and strong fundamentals—neither of which we have now. You can’t shout your way into a bull market.

Honestly, the current position is pretty awkward. Breaking upwards needs volume to support it; if it breaks down, it could quickly retest support levels. I’m not telling you to cut your losses or go all in—just a reminder: don’t get fooled by short-term rebounds. Once a trend shifts, it’s not a couple of green candles that will reverse it. Watch the market calmly—don’t let emotions make your decisions.