Friends, I am Zhao Gongming. The 'largest short seller' who once faced a paper loss of 21 million USD and did not give up, during this rebound in $ZEC has seen profits plummet from 3.3 million to just 300,000, yet he not only did not run away but instead continued to increase his position by 1.72 million USD in short orders! Is this his 'iron head' seeking death, or has he seen dangers that we retail investors have not? Is this round of ZEC's rise a genuine bull launch, or just a 'dead cat bounce'? Follow Zhao Gongming as he reveals the secrets behind the whales!
News: The short-selling tycoon 'increases position with increasing losses', who are you competing against?
The operations of this 'largest short seller' are very unusual. Most people would have been scared off by a 90% profit drawdown long ago, yet he chooses to continue increasing his position. This sends a dangerous signal: he believes that the current rebound is only temporary, and the market will drop again, possibly even deeper.
He is telling you with real money: don't be fooled by short-term rises; the real trend has not changed. You are betting against such 'tough characters', have you thought it through?
Technical aspect: golden cross with volume, but don't forget 'close to overbought'!
The 4-hour chart looks beautiful: golden cross, increased volume, and an increase of over 7%. But one phrase 'close to overbought' reveals the secret — short-term sentiment has already overheated, and a pullback is imminent. Key resistance is at 426, strong resistance is at 548, but right now even the small range of 395-400 might not be breached.
If there is a setback here, the first support below is seen at 380-385, with key support at 370. If that is lost, it will head straight for 300.
Zhao Gongming's daily sharing; if the analysis helps you, you can follow Zhao Gongming and enter the chat room to get first-hand news and entry points!
Zhao Gongming's views and strategies:
Gongming maintains the view: the trend remains bearish, and the rebound is just giving you a better short position, definitely not a reason to chase the rise.
Advice for those who have chased high and are stuck: be cautious! If the price rebounds to around 400 and stagnates, it is your last chance to reduce your position and escape. Don’t wait until the 'big short' regrets smashing the market.
Advice for those who want to operate: continue to short at highs. The ideal sniper area is at 395-400, with a stop loss above 410. The short-term target is first to look at 380-385; if it breaks below 370, boldly look towards around 300.
In the market, 'abnormal behavior' often hides the deepest information. When everyone is celebrating the rise, that big short who loses money but doesn't leave could be the one who truly understands.
If you are always driven to despair by these 'wild fluctuations', buying leads to drops and selling leads to rises; if you want to know how to anticipate market turning points by observing the movements of 'opposing orders', follow Zhao Gongming. I will teach you how to find high-probability left-side trading signals from 'changes in major positions' and 'market sentiment indicators', so you won't be a latecomer anymore.
