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$ZEC Yesterday, ZEC surged up to around 575 and then stopped rising, clearly a strong resistance level, with heavy selling pressure, and the bulls simply can't hold it.
Previous attempts to push through this area were crushed down, forming a double top, which is a sign of a potential top.
The trading volume at high levels didn't increase accordingly, indicating a volume divergence during the surge, suggesting the main force doesn't want to push higher but is just trying to lure more buyers to sell off.
Technical indicators are also turning downward from high levels, and the downward momentum is beginning to accumulate. Additionally, the overall market sentiment is cautious, with funds flowing out of high-positioned coins, and ZEC has no reason to strengthen independently.
Is it still not profitable to short now, brothers? What are you waiting for? Follow the lost sheep and let's enjoy the profit again!