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$ZEC Shorts are about to be squeezed! Old Zhang takes you to ride this bloodbath of chips!
Retail investors are still watching the excitement, while the dog whales have already set their sights on that pile of short orders waiting to die!
Old Zhang's trading advice:
Long: Enter around the current price of 411, first target 420.5.
Short: Consider entering if the price can't break above 420 - 422.5.
Right now, the most aggressive move on the ZEC 1-hour chart is above 430, where a bunch of stop-loss orders from shorts are stacked, like dry tinder. As soon as the price hits 416, these short orders will explode in succession, pushing the price upward!
Even more impressive, the big players in smart money who are shorting have an average cost of 394.9, and they are already trapped with 4.68 million USD. They’re definitely eager to push the price up to save themselves. Don’t bother with technical analysis; just follow the main force’s moves.
ZEC is basically a casino of long and short battles. Now that the short fuel is piled sky-high, if you don’t ride the wave and take a bite, can you really justify your account? Get your protection ready and hop on!
#我的Gate交易时刻 #TradFiCFD黄金大师赛 #美国5月CPI创三年新高
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