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$ZEC Is it a top divergence or a continued rally!
Will it keep climbing to hit the 11th high, or is this the end of the run!
We won't give an answer, just look at the data. The sharp increase started on May 5th, attracting trend traders. Two months of sideways consolidation, plus half a month of testing the market, accumulated a large number of shorts, and finally, starting on the 30th, the rally to harvest profits! From the 26th to the 29th, a beautiful trap was set for big short players, all of which was triggered!
Liquidation data has ranked in the top ten for 10 consecutive days! Short liquidations are ten times the long liquidations! Who is really saying "empty, empty, empty," living in a palace!
Indicators like RSL and MFI show price and volume rising together. Currently overheated, but there are no signs of a trend reversal! Funds are still flowing in!
Currently, support levels are around 600 to 595. Testing has begun—will it continue to explode downward, or will both bulls and bears get caught? It all depends on today's closing!