$ZEC ZEC's last-ditch survival! Short positions totaling 4,500 are collectively trapped, and the bulls' counterattack is imminent?

“Market always emerges from despair, moving forward in hesitation”—at this moment, ZEC is the most authentic reflection of this phrase.

ZEC one-hour K-line closed at 424.05, with an intraday plunge of 3.37%, the lowest pin at 418.21. RSI levels are at 16.23, 26.35, and 34.58, all fully in oversold territory—short-term decline has stalled. The lower Bollinger Band at 431.44 has been broken, with the price deviating from the lower band by over $7, indicating a strong need for reversion to the mean.

Clear liquidation map: the 440-450 range is piled with short positions, with total liquidation strength exceeding 37 million USDT. The average short position cost is 449.96, and the current price of 424 means over 70% of shorts are deeply trapped. A rebound above 440 would be the fuse for a chain of liquidations.

Smart money has already made it clear: longs hold 49.72 million USDT, with an average price of 445.74, floating loss of 2.56 million, but still holding on; shorts hold 38.13 million USDT, with an average price of 431.92, currently floating profit of 720k—main players haven't left. More importantly, the funding rate for ZEC perpetual contracts has turned negative, meaning shorts are paying funding fees.

My view: a pullback is an opportunity.

Light positions around 420-425 to try long.

Short strategy: wait for a rebound to 450-460 before considering staggered short entries. #我的Gate交易时刻 #山寨 $SPCX