ZEC has finally escaped the 300 price level and surged to 400! Retail investors across the board are asking: Can it break through tonight? But Rainbow Finance wants to tell you a harsh truth: This rebound is highly likely to be the last enticement set up by the main force! If you blindly chase the rise now, you may become a victim of the upcoming crash and liquidation!
News front
Data shows that ZEC's recent market value has surpassed 7.5 billion USD, with holdings exceeding 1 billion USD. In just 24 hours, the liquidation amount reached 7.96 million USD, including 6.56 million from short positions. What does this indicate? A large number of retail investors are being liquidated while shorting at high levels! However, please note that liquidations are mostly concentrated in short positions, which often means that the main force's pump to entice long positions is nearing its end. Once the bullish momentum weakens, reversing to short will be a fatal move.
Technical Analysis
Although the price has rebounded to around 450, the volume has clearly shrunk, and the MACD red bars have just appeared, which is a classic signal of declining upward momentum! The strong resistance area is at 485, and 550 is an even harder ceiling to break. More critically, the RSI is in the observation zone; if it turns downward, it will trigger a cascade of selling. Key support is at 410 and 322. If it breaks, it will quickly test the 300 mark. This is not a prediction; this is a rule written in blood and tears by candlestick patterns!
My Opinion
The market will continue to fluctuate within this range. If the price breaks through 485 with volume and stabilizes, consider taking a small long position. If it fails to break 485 or shows a long upper shadow near 485, immediately reduce your position or go short. Keep your position size within 30%, never go all in, and never hold onto losing trades. This market is always about a few people making money from the majority. What you need to do now is not to predict price movements but to follow the trend and strictly adhere to stop-losses.
Remember, in the capital market, emotions are the biggest enemy. My advice is: never chase highs, strictly adhere to discipline! This cryptocurrency has no clear pattern; sometimes it rises with mainstream coins and sometimes it falls with them. (If you can't control yourself, Hongcai will provide advice in the chatroom.)
If you want to catch the signal for escaping the peak in advance, and if you don't want to be the next number in the liquidation statistics, follow Hongcai, who will tell you in the simplest way how to identify the traces of major players unloading. The market will not give you a second chance; following me is following the safety of your account!
In the market, the most important thing is not to predict every wave but to ensure you are always on the boat. The tide of liquidity will eventually lift all true value boats. Follow Hongcai and participate in every offense they make! Hongcai will announce specific entry times and real-time news every day at Caishen's home!#加密市场反弹
