Today's ZEC 4-hour candlestick is more exciting than a roller coaster! Just surged 3.8% and then crashed; the current price is stuck at 401.2 dollars, not daring to move! Is this trading? It’s clearly licking blood on the blade! Let’s break it down and say, is this surge aiming for the 548 resistance line to continue soaring, or is it going to crash back to 370 and lie on the floor? Zitan will use the most down-to-earth words to expose the tricks of the manipulators!

News:

The biggest short for ZEC, because ZEC keeps rising, short positions are approaching the average holding price, adding $1.72 million in the last hour, now holding $14.10 million, floating profit has dropped from $3.30 million yesterday to $300,000! This guy started shorting at $184, continuously adding to average the cost down to $419, losing a shocking $21 million at its worst on October 17! Now the average price has adjusted to $412, clearly scared by the rise and forced to cover! He’s already lost so much it hurts yet still adds to the short; does he really think ZEC will drop below $225, or is he trying to “gamble big” to dilute the cost?

Technical analysis: K-line smile hides a knife: MACD golden cross + explosive volume, but the sell orders at 548 are piling up like a mountain!​

Price and pressure support: The current price of 401.2 is only 24.8 points away from the rebound pressure of 426, while the high pressure of 548 looms like a mountain; the short-term support at the bottom is 370 and the major bottom is 225, drawing a lifeline for the market. The main orders show: there are large sell orders around 548, and large buy orders around 225, with buying and selling forces at a tug of war!


MACD and volume: The white and yellow lines just crossed above the zero axis, and the volume explosion is approaching overbought, like the ignition of a car engine, but the fuel gauge is about to hit the bottom, so it can't run far!


The MACD golden cross wants to charge, but the sell orders at 548 + overbought reminders are like a quick brake; whether it can push through depends on whether the buying pressure is strong enough! With such strong volume, can ZEC touch 426 in one go? Let's hope it's not a false breakout leading to a real plunge!

Personal opinion: The script of ZEC is even more exciting than a palace drama! The short-selling big player went from making 3.3 million dollars to only 300,000 dollars, directly turning from getting rich to just preserving capital! The MACD golden cross + explosive volume is like a rocket booster, but with the sell orders piling up at 548 like a mountain, the overbought signal is flashing red! If the buying pressure is weak, it could fall back to 370 in a minute! Is this wave a genuine rebound or a trap to lure in more buyers? If you also don't know how to time your entries, you can follow Zitan, who will provide real-time analysis in the village and give the current best entry points!

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