Brothers, the Eagle's market alert has sounded again! This time it’s ZEC — the 4-hour chart is continuously declining, while the giant short sellers are reaping huge profits.
Are you also stuck halfway up the mountain? Are you still fantasizing about a rebound?
Don't rush, today the Eagle will reveal the long and short game behind ZEC, and clarify for you: should you cut losses or hold on?
News: The giant scythe swings, and the bulls are severely harvested!
On Hyperliquid, the largest short position for ZEC is 1650000000, which has turned from a loss to a profit, with a floating profit of 250000!
Two ZEC bull whales 'cut losses' and left the market: one liquidated their position, and one lost 1 million dollars, blood flowing like a river.
The same whale is still increasing short positions in ETH and MON, with a total short position size of 118 million USD, clearly bearish on the future market.
Eagle Brother's interpretation: Whales are not fools; their willingness to short with large positions indicates they are extremely pessimistic about ZEC's short-term trend. The cutting losses of bullish whales is also a sign of market sentiment collapse. ZEC is currently in the 'bearish dominant' phase.
Technical aspect: The 4-hour chart has entered a 'downward acceleration phase'!
From the attached chart, ZEC has already broken the previous low support and entered a downward channel:
Pressure above: previous high pressure and rebound pressure are heavy; every rebound is an escape opportunity.
Support below: previous low support has been broken, the next support looks at the key area in the chart (around 320-315).
RSI has fallen into the oversold zone: a small rebound may occur in the short term, but the trend does not change; if it does not reverse, it is just a bait for bulls.
MFI (Money Flow Index) shows wait and see: the willingness for funds to enter is very weak, and no one wants to catch falling knives.
Price is running along the lower Bollinger band: weakness is obvious, no bullish outlook unless it returns to the middle band.
Eagle Brother's view: ZEC hasn't finished falling, and the rebound is a chance to escape!
I believe this round of ZEC's decline is not over yet, for three reasons:
Whales are increasing short positions, bulls are cutting losses, and the market structure has deteriorated;
All technical indicators are in a bearish arrangement, without a signal of reversal;
There is no strong support below, making it easy to continue to fall.
Key position prediction:
If the rebound does not exceed 340, continue to look bearish;
If it breaks below 330, the next target looks at 320-315;
Only if it breaks through 345 with volume will I consider a trend change.
What should players do? Eagle Brother gives you three ways out!
For those who already hold long positions: reduce positions or stop loss when rebounding to around 338-340; don’t hold on stubbornly.
For those who want to catch the bottom: hold on! Wait until it stabilizes around 320 before considering light positions to test, and immediately run if it breaks 315.
For those observing with no positions: place two orders—chase long if it breaks 345 (very low probability), chase short if it breaks 320 (go with the trend).
Remember what Eagle Brother said:
"The trend is your friend; going against the trend is just giving away money."
ZEC is clearly in a bearish trend now; don’t go against the whales, wait patiently for the trend to clarify before taking action.
If you don't want to be cut, and want to accurately capture ZEC's rebound top or confirmation point of decline, pay attention to Xin Ying immediately. I will share the movements of the whales and trend signals in real-time in the town!#巨鲸动向
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