#PI Let's talk about the hottest coin, zec. My view is that it has peaked.

First, look at the weekly chart. The line at 750 is the longest bullish line before this wave of market, and it has the highest trading volume in history. This is called a massive volume at a high price, and often the longest bullish line at the top of a main upward trend. The lower the price, the better the cost-effectiveness. At such a high position, with such a high turnover rate, it is just luring in buyers; retail investors think it can really reach 1000. Now let's look at the recently closed weekly candlestick. The lower shadow is 2.3 times longer than the body, which conforms to a high position hanging man pattern, indicating a top signal. Moreover, the trading volume is larger than the previous week, but the increase is less than one-third of the previous week's rise, indicating a volume expansion with stagnation in price.
Looking at the daily chart again, there is already a peak on the left, and here it has broken through the left peak (breakthrough based on the body). However, the K-line has shown insufficient momentum, with shorter bodies and shadows appearing. Looking at the overall volume comparison, it is obviously in a state of decreasing volume, which suggests a bit of a divergence between price and volume, and is also a signal of reaching a peak.
On the 4-hour level, the left side pressure at 682.91 has not been broken, and all the breaks shown in the chart are false. Therefore, I believe that going short is relatively stable at present, but leverage must be kept low, as there is still a possibility of a sudden spike from the market maker.