ZEC Breaks Above $1,200—Who Is Still Shorting? Shorts Are Being Taught a Lesson by the Market!

This ZEC rally has one very obvious driving factor: shorts are being continuously squeezed.
ZEC has recently broken through key round-number levels in succession, from $900 to $1,000 and then $1,200, with the pace of gains accelerating. As the price continues to break past previous highs, shorts who had bet on a pullback have been forced to close their positions, further creating a cycle of “rally—liquidations—further rally.”
This is a classic short-squeeze rally.
The most exciting part is that those who went long have profited from the trend, while those who went short have been forced to buy back at higher prices, in turn becoming fuel for the rally.
But this kind of market also carries one major risk: once the upward momentum weakens, profit-taking and high-level long positions may be unwound at the same time, causing volatility to suddenly expand.
So after the break above $1,200, I believe the market should focus on trading volume, capital flows, and the support after a price pullback.
If buying quickly absorbs a pullback to $1,200, it would indicate that the market is turning the former resistance into new support; if the price breaks below it and fails to recover promptly, this accelerated rally needs to be reassessed.
ZEC is indeed very strong right now.
But the stronger the market is, the more important it is not to mistake a “trend” for “an endless rise.”
The shorts have already been taught a lesson, so longs shouldn’t rush to pay tuition either.#ZEC突破1200美元续刷新高