ZEN plummeted 9.6% in the last 24 hours, and the 1-hour candlestick is stuck at 14.2 without moving up or down - long-short ratio 1.82 claims bulls dominate, but liquidation data shows long positions exploded by 959600.0! This is not an ordinary drop, it is a 'washout kill' set up by the whales!
News goes crazy: Bull and bear gods fighting, liquidation data exposes whale's scythe
Bull and bear divergence breaks through the sky: Binance ZEN long-short ratio 1.82, large account long-short ratio 1.70 - on the surface, bulls dominate, but 24-hour long positions exploded by 959600.0! Whales are using 'false bulls' to lure retail investors to chase high, while secretly placing short orders at resistance levels!
All trading volume squeezed at the top: Bybit + Binance + MEXC account for 73% of the trading volume! Large funds are all gambling here, the market is not 'naturally fluctuating,' it's a 'world war of funds' within exchanges!
On-chain dark warehouse warning: a certain whale address just transferred out 2,000 ZEN to CEX, he still holds 5 times short positions—this drop, he might be the 'behind-the-scenes manipulator'!
Technical aspect struggles against the 15 dollar resistance! Breakthrough is a trap for longs, breaking below is a deep entrapment, retail investors' life and death hinge on this!
Resistance level: 15.000 dollars is the 'ghost gate'! Right now it's 14.2 dollars, 800 dollars away from it, but the volume hasn’t come out, without funds to hold it up, breaking through is just a 'false breakout,' the whale is waiting to smash the market and trap the chasing buyers!
Support level: the first support is 13.750, if broken go to 13.300, if it breaks 13 dollars we see the previous low!
Liquidation Data: 1-hour long position liquidation of 28,900, 4-hour liquidation of 88,200—bulls are 'injured,' the whales are ready to strike again, all long positions will be liquidated!
Personal bold opinion: this drop is 'whale washing the market,' retail investors charging in is like giving away money!
I dare to slam the table and say: the current rebound is fake! The whale just transferred out 2,000 ZEN ready to sell, and wants to break below 13.750, trapping all retail investors above 14.5, then drop to 13.300 to pick up cheap. Look at the large account long-short ratio of 1.70—large funds are still shorting, while retail investors are bottom fishing, is this not 'sending people to their doom'?
What should retail investors do? 3 tricks to avoid the whale's scythe, and you can still pick up bargains!
Don't touch above 15 dollars! Going in now just happens to step on the whale's selling line, anything above 14.5 is a danger zone!
Wait to bottom fish at 13.750-13.300! This is the whale's cost zone, when it drops to this level they will pull up, now place light orders, if it breaks below 13.300 then add positions!
Keep a close eye on liquidation data! If the long position liquidation exceeds 50,000 within 1 hour, it indicates that 15 dollars cannot hold, hurry to reduce positions; if the short positions are liquidated heavily, the rebound is stabilized!
This wave of ZEN is not betting on up or down, it's betting on whether you can 'get off the bus' before the whale! Follow Lan Xuan, avoid traps and pick up bargains to turn around!
Follow Lan Xuan, Lan Xuan will announce the support and resistance levels in the village, this wave of profit-taking is stable, hoping to help more new villagers recover, if you have been liquidated or trapped, you can also come to Lan Xuan, Lan Xuan can help you create a recovery plan!
