Crypto friends, I am Zhao Gongming! Just when the market was shocked by the liquidation of 17 million dollars in the past 4 hours, the charts quietly revealed surprising strong signals. Follow Zhao Gongming, and I will break down the true intentions of the main force behind this 'liquidation wash'.
News: Huge long positions were liquidated, which instead cleared the obstacles for the rise
Data shows that over the past 4 hours, the entire network of ZEC has seen liquidation exceeding 17 million dollars, most of which are long positions. On the surface, this looks like a bloodbath for the bulls, but from another perspective: isn't this a thorough 'cleansing of profit-taking and leveraged positions'? After the most vulnerable chips in the market are cleared out, the selling pressure will suddenly lighten, instead paving the way for a subsequent rise with less burden.
Technical aspect: violent pullback to key support, multi-cycle 'strong buy' structure intact
The one-hour candlestick chart reveals the truth. The price quickly pulled back after reaching the high of 419 but ultimately closed above the key area of 415, maintaining its gains. More importantly, technical indicators across multiple time frames—from 5 minutes to daily—have all given 'strong buy' or 'buy' resonance signals. The price is currently solidly above key support, and the MACD energy is increasing, indicating that the upward momentum has not been interrupted by the liquidation, but rather may have completed the last wash before a breakout.
If Zhao Gongming's reverse interpretation of 'liquidation wash' has helped you see the direction clearly, you can follow Zhao Gongming, who dissects the intentions of the main force for you daily.
Zhao Gongming's views and strategies: firmly bullish, pullbacks are good opportunities for positioning
I firmly believe in a bullish outlook for ZEC. This liquidation seems more like a precise 'cleanup' before the main force lifts.
Given that the price is at a relatively high level, chasing the rise is not recommended. The ideal strategy is to wait for a price pullback, focusing on the stabilization opportunities in the support area of 405-410, to position long orders, targeting the upper pressure area of 450.
If you don't know the specific entry timing and exit points, as well as for those holding positions, you can follow Zhao Gongming, who will announce the daily coins and entry points as well as exit timings in the chat room! #加密市场反弹
