Hello everyone, I'm San Shu! Just when the market was scared out of its wits by the liquidation of 17 million long positions in 4 hours, the market had already hidden strong signals. Is this a bloodbath for the bulls? Or is it a precise clearing before the main force's rally! Follow San Shu so you won't get lost; today I'm going to reveal the true cards behind this wave of liquidations.
Looking at the news from the opposite perspective: liquidation is not a bearish signal; it's a major cleanup before the rise.
Data is here: 4 hours ZEC liquidated 17 million, 90% are long positions.
But don't just look at how much was liquidated; you need to see who was liquidated: these long positions are all leveraged trades chasing the rise recently, and the floating profits are unable to hold on, making them the most fragile chips in the market. The essence of the main force's operation this time is to concentrate on clearing the follow-up positions: washing out all the floating positions that are indecisive, alleviating the selling pressure, and afterwards, there won't even be resistance levels for the rally.
The technical analysis reveals the truth: a pullback to key support, with all multi-timeframe signals indicating a buy.
Just look at the hourly candlestick chart to understand: after hitting a high of 420, the price dropped sharply, but ultimately stabilized above the crucial support at 415, and the gains are still intact!
What's even more intense is the resonance of multi-timeframe indicators:
From 5 minutes to daily, all signals indicate a strong buy;
The price has been consistently supported, and the MACD energy is still strengthening.
Isn't this just a pause before the rise? It's clearly the last shake before a breakout, shaking off all the indecisive traders.
Uncle's strategy: don't chase the rise, wait for a pullback to pick up bargains!
I will say it plainly: before the roundtable meeting ends.$ZEC The market outlook is firmly bullish; this wave of liquidations is just the main force making space for you.
But don't chase the highs now, wait for a pullback! Focus on the 405-410 support zone; as long as it stabilizes here, directly position for long trades, with an initial target at 450 resistance.
Remember: the main force washing the market is not trying to crash it, but to trick you into giving away your chips. Those panicking and cutting losses now will all be lifting the main force's sedan later! Everyone can refer to my previous analysis on ZEC's market.
