ZEC Emergency Warning! Smart Money's 37 million short positions wiped out in a bloodbath, how long can this rebound last?

Others are buying the dip to gamble on a rebound, but smart money has long set up a two-way trap for harvesting.

1. First, look at the liquidation map for key signals
Liquidation Map: Full Disclosure of Bull and Bear Cards
430-440 range: Weak liquidation of long positions, almost no defense below
440-450 range: Mountainous liquidation of short positions! Total liquidation exceeds 37 million USDT
Above 450: Sudden drop in short liquidation strength, resistance above is a vacuum

2. What is smart money doing? High-level game has begun
The market-wide nominal long-to-short ratio is only 45.49%, with 940 short positions holding 9,773,000 USDT, average opening price 394.22, currently all floating losses. More critically, the funding rate for ZEC perpetual contracts has turned negative to -0.0700%, and shorts are still adding positions. The open interest in derivatives remains around 1.06 billion and is not expanding, indicating this rebound is essentially driven by passive buy orders from short covering.

3. Technical analysis: 1-hour chart has already revealed the bottom cards
The current price is tightly hugging 437, with resistance at 440-450 and support at 420-425. The 1-hour ATR has compressed to 12.7, the dense zone is at its limit, and a breakout is imminent.

Personal long and short strategy: Follow smart money to trade within the range

Long opportunity: Lightly try longs around 420-425, first target 440, second target 450-455; only consider chasing on the right side after breaking above 460.

Short opportunity: Short in batches at 440-450, target first at 425, add positions below 420, and look for below 400. $ZEC $H #Gate直通IPO认购SpaceX #山寨