The small timeframe didn't look good. From a purely left-side perspective, there was a daily-level rebound, and I sold after a 10% intraday gain. Mainly, I couldn't hold because I was using leverage. With leverage, I tend to sell once I've made enough profit. Now, buying at 320 has already approached 400. But on the other hand, if I wasn't using leverage, I probably would have exited around 380. Even though I didn't get the perfect price, I still got a decent profit. In the end, it's about whether the profit is enough, not whether my market analysis was correct.
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I couldn't hold onto ZEC.
The small timeframe didn't look good. From a purely left-side perspective, there was a daily-level rebound, and I sold after a 10% intraday gain.
Mainly, I couldn't hold because I was using leverage. With leverage, I tend to sell once I've made enough profit. Now, buying at 320 has already approached 400.
But on the other hand, if I wasn't using leverage, I probably would have exited around 380. Even though I didn't get the perfect price, I still got a decent profit. In the end, it's about whether the profit is enough, not whether my market analysis was correct.