Crypto friends, I am Zhao Gongming. When you open the $ZEC market, doesn't it feel like a sea of green? Don't think this is just a normal correction; technical indicators and capital data have simultaneously issued a warning for a crash! Follow Zhao Gongming to help you avoid the crash and protect your wallet!
News: There are no positive developments, only blatant selling.
Currently, there is almost no decent positive support for ZEC in the market, while the flow of funds has revealed the harshest truth:
Spot market: In the past hour, there has been a net outflow of $600,000, and even more astonishing is the net outflow change rate reaching 700%. This indicates that the selling is not slow, but accelerating and panic-driven.
Contract market: Showing a synchronous outflow state, indicating that leveraged funds are also withdrawing from this 'no man's land'.
Funds on both sides are forming a 'resonance-style escape', which is the most typical signal before a big drop. Without buying pressure, prices become like a tree without roots.
Technical aspect: Total collapse, downtrend has been confirmed.
MACD death cross is below the 0 axis: This is the ironclad evidence of a bearish market, and any rebound is a 'dead cat bounce'.
Green bars turning into red bars, with increased volume: The strength of the bears has not weakened but is instead increasing, with sufficient downward momentum.
All time frames 'strong sell': From 1 hour to 1 week, no indicators support a bullish view, and the power of the trend crushes everything.
Upper ghost gate: 422. This is a strong resistance level in the downtrend; if it cannot get past here, all bullish views are mere fantasies.
Death line below: 400 -> 370. 400 is a psychological barrier, and it breaks with just a poke. The real strong support is at 370, where the bulls may organize a counterattack.
Zhao Gongming's viewpoint: 400 will definitely break, aiming straight for 370.
Zhao Gongming's viewpoint is very clear: the downtrend of ZEC is intact, and it is impossible to break 422 in the short term. The limit for a rebound is around 410-415, after which it will turn down again. The logic is simple: technical death cross + capital outflow + no positive support = decline is the only way out.
Retail trader operation guide:
Position holding suggestion: If you still have long positions, don't wait for a rebound; consider stop-loss near the current price. If the price rebounds to 410-415, that is the last opportunity given by heaven for you to escape.
Suggestion for observation: In the range of 410-415, you can take a small position in short. The first target is 400, the second target is 370.
Suggestion for those wanting to catch the bottom: Before the price drops to 370 and shows a clear stabilization signal, keep your hands off and don't catch falling knives.
Zhao Gongming announces three waves of strategies in the chat room every day. If you don't have a position of 5 million, please follow Zhao Gongming's real-time suggestions to avoid liquidation risk. The current market is unpredictable, and each fan has a different position, follow Zhao Gongming, for real-time updates on the entry points announced by Zhao Gongming in the chat room! #隐私币生态普涨 #加密市场观察
