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🔥ZEC Short Squeeze Battle: Above 700, the last escape window for the bears!
How crazy this wave of ZEC rally is, you can see it yourself in the charts!
From $184 soaring wildly, now it’s already above $620, and there are plenty of short positions on-chain at 300-400, with liquidation prices directly hitting $786!
This rally, to put it simply, is the main force aggressively pushing against the short liquidation prices, with the $700-$780 range full of short squeeze liquidations and forced liquidations. Every $10 increase pulls in a batch of short positions being liquidated, which in turn provides more fuel for the bulls.
⚠️ Key point: Above 700 is the safe window for shorting!
1. This is the dense trading zone from the previous decline, with selling pressure from trapped longs and profit-taking from longs, creating double pressure.
2. Only one step away from the forced liquidation death line at $786, the momentum for short squeeze by the main force will significantly weaken.
3. Even with light short positions, stop-losses must be firmly placed above $790; absolutely do not hold through the pain!
In a bull market, don’t fight the trend, but also don’t become the “fuel” for the main force. Shorting below 700 is a headshot; light short positions above 700 are the rational play for a pullback. $ZEC #BTC重返8万 $ETH