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Privacy coin sector showed a strong upward momentum today, with ZBT launching as expected and ultimately hitting the anticipated target of 4400U smoothly. Quite impressive.
Looking back at recent trading rhythm, the short position on ZEC was executed quite timely. Last night, I entered a short position on ZEC for a swing trade and successfully took profit yesterday morning, with an exit point around $406-$408. Unexpectedly, the market gave many surprises today. After ZEC stabilized above $400, it directly drove the ZBT in the same sector to surge significantly. Sector-wide rallies like this are often the most explosive.
Honestly, when I saw ZEC holding above $400, I felt that the privacy coin sector might be about to move. I also mentioned that ZBT could be participated in with small amounts, and surprisingly, it really surged today. Although luck played a part in this wave, it’s also the result of long-term review and market sentiment accumulation.
The rapid launch of ZBT indicates that the privacy coin sector has indeed gained market attention, and it also reflects that ZEC’s performance boosted confidence in other coins. Of course, ZEC’s own performance is crucial; being able to rebound from lows to above $400 and stabilize is the foundation of sector-wide linkage.
The most comfortable part of this rally is that the short positions were closed in time, and the long positions were entered relatively promptly, allowing both sides to profit. Currently, other hot coins like SOL are also active, and the entire market seems to have found its rhythm. Continued observation of the privacy coin sector’s progress will be important to see if this wave of enthusiasm can be sustained.
The short position on ZEC was truly excellent; once it stabilized at 400U, I knew there was a chance.
This kind of sector linkage is really the most profitable time. Following the leader to eat the gains is never a loss.
Eating both sides, huh? I feel like I'm always trapped on one side while watching others make huge profits.
Has the privacy coin sector really taken off? Or is it just this wave with ZBT?