ZEC's recent trend has been brutal, with bulls facing severe liquidation, current price 330....
Despite over $2 million in buying funds flowing in over the past 24 hours, selling pressure still dominates the market.
The current long-to-short ratio is as high as 16.98
93.79% are long users, and long positions are at risk of being liquidated at any moment.
Meanwhile, shorts are firmly in control of the situation; friends holding short positions just need to hold on for guaranteed profits!
The current market is in a state of extreme panic.
ZEC has lost its traditional appeal as a safe haven.
Recently, it has dropped by 22%-25%, showing that bullish sentiment has suffered a heavy blow.
Market confidence continues to decline.
Key support and resistance levels
Support level: around 300
This support level is critical for ZEC's ability to rebound in the short term.
If it breaks below 300, shorts may further intensify.
Resistance levels: 350, 400
The trading volume has increased significantly over the past few days, indicating strong selling pressure, with downward momentum clearly dominating the market.
On the 17th of last month, fans entered shorts near 710, exited early around 460 and continued shorting.
Friends still holding short positions, hold steady.
For those who missed this wave of ZEC shorts,
Next steps for positioning, see you in our chatroom! Don't miss the next big opportunity!
