People keep saying that with coins like ZEC, you should sell when the price goes up, but I wonder how many actually listen.

In the past couple of days, ZEC has been on a roller coaster—first a sharp rally, then a sharp plunge, now hovering around $286. On the technical side, the MACD death cross and EMA golden cross appeared simultaneously, and the RSI has dropped into the oversold zone. The signals are a mess—basically, the bulls and bears are fighting, and neither side is gaining an advantage.

Some might say, isn’t ZEC supposed to have privacy features? With such strict regulations now, shouldn’t privacy coins be taking off?

Indeed, the shielded pool size of Zcash has increased from 11% a year ago to 30%, indicating market demand is there. But it’s precisely because of the “privacy” aspect that it’s become a thorn in the side of regulators worldwide. Think about it—what governments fear most is money flows that can’t be traced. Can a coin like ZEC, which can hide transaction records, live comfortably?

So every time ZEC rises, someone in the community yells, “privacy narrative is back,” but what happens? It doesn’t last long before it gets crushed down. This time was no different—rising to $312, then fading away, with the $300 level acting as a strong resistance.

Looking at those so-called “community analyses,” claiming that around $342 or $360 there’s a “possible limit-up”—that sounds awkward. Where does such a limit-up exist in crypto? Basically, it’s just a pie-in-the-sky story, waiting for people to buy in and take the bait.

Another detail: the 6-period and 12-period RSI are both in the oversold zone. Some see this as a bottom-fishing signal, but after oversold, it can get even more oversold—dropping to the point of doubting life itself isn’t impossible. Technical indicators are just references, not gospel.

Ultimately, coins like ZEC have fundamental flaws—privacy features are a double-edged sword. The more people want it, the more others want to kill it. Without real-world use cases to support it, it relies solely on hype and sentiment, making it rise fast and fall even faster.

Every rally is just a setup for dumping. I’ve said this about ZEC more than three times before, and I’ll say it again today: don’t fall in love with this kind of coin. When it rises, sell; don’t wait for the retail investors’ scissors to fall.