Crypto friends, I am God of Wealth! Yesterday $ZEC suddenly surged, pulling up 8% in 24 hours, even "Big Brother Ma Ji" couldn't help but open a 10x long position, with unrealized profits exceeding 2 million! But his overall account is still down 18.48 million! Is this operation a desperate counterattack from the big shots, or a "smoke screen" to raise prices for self-rescue? Follow God of Wealth, and I'll explain it all to you in three minutes!
The news hides a "dual script":
The action of "Big Brother Ma Ji" is very interesting: he is making money on ETH and HYPE while simultaneously diving into ZEC to go long. What does this indicate? It indicates that the big shots believe there is still room for a rebound in ZEC! But you need to be cautious: when everyone knows that the big shots have entered, it often signals a short-term peak. His unrealized profits need someone to "take over" in order to truly cash out, and that person might be you?
The technical analysis is currently at a 'critical decision point':
Looking at the hourly chart, ZEC surged from 328 to 380, and is now pulling back to around 360 to take a breather. Although the MACD has golden cross, the energy bars have already started to shrink, which is called 'upward fatigue'!
More importantly, the position at 385 is a strong resistance level, and the area between 370-380 is filled with short-term profit-taking. If it can't break through here, it can easily trigger a panic sell-off. The real safety cushion is in the 330-340 range, which is the last line of defense for the bulls.
If Rui Shen's analysis helps you, you can follow Rui Shen, who will continue to share the latest first-hand information and entry points!
Rui Shen's viewpoints and suggestions:
Bullish, but absolutely do not chase highs now! Remember, 'in a bull market, buying on a pullback' is the way to go.
Advice for those holding positions: If you are already profitable on the ride, you should start to reduce your position in batches around 380 and pocket some profits. If you haven't entered yet, definitely don't chase after the price above 360!
Advice for those looking to enter the market: Be patient and wait for a pullback. There are two ideal positions: one is to buy low when it stabilizes after pulling back to the 340-350 support zone; the other is to lightly enter when it breaks through 385 with volume and confirms by pulling back. At other times, just watch the show.
A reminder for short-term trading: If you want to go against the trend and bet on a pullback, you can try shorting with a small position around 380, with a strict stop loss above 390, targeting around 355 for short-term. Remember to act fast and avoid getting stuck in a battle!
The market is always telling stories, but the candlestick chart won't lie. ZEC needs a healthy pullback to wash away the unsure chips before it can go further.
If you feel that Rui Shen has helped you find key points in a complex market, even avoiding the risks of chasing highs, you can follow Rui Shen. Next, will ZEC directly break through 430, or pull back to 300? I will use the most straightforward market language to help you capture every signal of change. In this market, following the right people is crucial to doing the right things!#加密市场观察
