Friends, I am Si Sheng. I've been watching the market all day and found that this wave of ZEC's movement is interesting. Many people in the background are asking: 'Si Sheng, is the short position at 340 going to blow up? Can we still hold?' Don't panic yet, let me analyze the data for you, and you'll understand after reading it.
First, look at the news: whales quietly entered the market, do you know how much they bought?
I just saw the news that a whale secretly accumulated over 18,000 ZEC during the '1011 crash', worth nearly 4.5 million dollars! After 5 weeks, it all transferred to Gemini at once. What does this mean? — Large funds are accumulating at low prices, and now they are transferring to exchanges, which could lead to a pump and dump at any time. If they really sell at a high price, they will net 6.6 million dollars. Can your current orders keep up with this pace?
Looking at the technical side: the signals revealed by the four-hour chart, do you understand them?
Currently, ZEC's four-hour line is overall upward, but pay attention to two key positions:
Upper pressure: 422 (the first pressure of the day), 548 (pullback pressure)
Lower support: 256 (short-term support), 175 (strong rebound support)
Now the MACD yellow and white lines have just crossed below the 0 axis, which is a signal of an impending rebound. However, both RSI and MFI have entered the overbought zone, indicating that there may be a pullback before a rise in the short term. In simple terms: a rise is certain, but it won't go up straight; it will fall first and then climb back up.
What should friends with a short position at 340 do? Listen to Si Sheng's honest words.
If you went short at 340, you are probably stuck now. Don't rush to cut losses, and don't hold on stubbornly. My advice is:
If the position is not heavy, add positions near 422 to average down, and wait to exit around 256 when it rebounds.
If the position is already heavy, set a stop-loss above 548 to prevent liquidation from a surge.
Remember: the market does not go straight up or down; there are opportunities to break even in the fluctuations.
Personal opinion from Si Sheng:
There will be a brief pullback before rising again because the four-hour line EMA (256) is at 423, and once it breaks through, it will definitely rise. If it cannot stabilize, it may pull back down!!! The EMA (5) and EMA (30) have already formed an upward trend, just waiting for the opportunity to enter!!!
I am Si Sheng, not a god, but willing to watch the market with you. If you also like this straightforward analysis, follow me, and next time we can break down more coin movements together. Comment 'ZEC' in the message area, and I will help you check the orders. Plus, I am always on the lookout for coins that can yield 10 times returns!!!
Finally, a word to say: the market always starts in despair and rises in hesitation. Which stage are you in now? $ZEC #比特币VS代币化黄金
