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$ZEC Is the weather about to change? 500 bucks is the "Gates of Hell," retail investors, run!
"There are no eternal rises in the crypto world, only eternal harvests."
Don't be fooled by ZEC's rebound! The chart clearly shows: as the price rebounds, there are red "overbought" warnings above, just like someone running too fast and gasping for air, a correction is coming soon.
Looking at the capital flow, this is the most frightening part. Although the bullish traders are currently making money on paper, the bearish traders are already trapped. It's like the main force has set a "trap" at 500 yuan, waiting for those trapped traders to panic and sell, then the main force takes the opportunity to scoop up cheap assets. The "liquidation map" below also shows that once it falls below 500, it will trigger chain liquidations, leading to even sharper drops.
Operational suggestions:
Long: around 500-505, Short: around 518-515