Let's talk about #XMR and #ZEC together today: Yesterday, both Monero and Zcash reached the target areas I mentioned before, but the overall volatility was extremely low. I won't be trading in this stagnant market anymore. These levels are more suitable for long-term, gradual accumulation, but completely unsuitable for intraday or swing trading—the efficiency is too low. If the market experiences an out-of-control, rapid sell-off later, I'll consider deeper target levels: for XMR, I'll be watching around $321-$325, which is the one-year average price area; for ZEC, I'll be looking at around $235, corresponding to the strong monthly support zone of $234 that I mentioned before. Besides that, if you think the current prices are cheap and plan to hold long-term, then these two coins are indeed far from their all-time highs and aren't expensive from a long-term perspective. However, personally, my overall sentiment remains bearish, and I'm currently only focusing on short-term trading opportunities.
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