ZEC breaks down from the downward channel! Short directly around 420, target at 400! The bulls have already been defeated, a one-hour level downward channel has formed—420 is the last exit point, not a bottom-fishing point! News: Even whales can't hold on anymore, insider whales are long ZEC at $460, current price is 415, already trapped with a 10% loss. Smart money's average long cost is 430, currently collectively floating loss. Even the main players are losing, retail investors shouldn't resist. Technical analysis: The downward channel is clear, a standard downward channel has formed on the 1-hour chart—highs are decreasing, lows are decreasing. The middle band of BOLL at 421 is acting as resistance, MACD has a death cross below the zero line, RSI is at 48 and somewhat weak. The rebound is an opportunity to short. Liquidation map & smart money liquidation map: The 420-425 area has minimal short liquidation pressure, no resistance when pushing upward. Instead, there is dense long positions at 410-400, once broken through, a stampede occurs. Smart money: Short positions amount to 117 million, average cost is 396, currently still floating loss but the advantage is widening. Long positions have shrunk to 34 million, bulls are retreating. Personal view: Short directly around 420, target at 410→400. As long as the downward channel isn't broken, only short, no long. #美国5月CPI创三年新高 $ZEC