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$ZEC Shocking reversal! The shorts were slaughtered in a liquidation cascade, is 445 a rebound or a trap?
The market is known for its ability to defy expectations, and today’s ZEC is the best proof! ZEC just experienced a brutal massacre.
The price plummeted from 450 to 430, shorts initially thought they had the upper hand, but suddenly the bulls surged, pressing the shorts down around 444 and rubbing them fiercely, causing a large number of short positions to be liquidated on the spot! Looking at the funding situation, almost all the big players are long, with the long-short ratio soaring to 173%, and the main force is frantically bottom-fishing. Plus, the previously rumored security vulnerability has been fixed by an official hard fork, and the so-called “雷” (thunder) has been cleared.
Trading strategy: short around 445-440, long around 430-425
Overall, this is a “short squeeze after all negative news has been exhausted,” but chasing the high carries great risk!
#美伊谈判第一轮结束 #TradFiCFD黄金大师赛