$ZEC Mingpai is crushing the longs! The long-to-short ratio has directly gone up to a ridiculous 630%. Retail investors are all mindlessly betting on longs!
There are over $300 million worth of long positions piled up below—over $76 million in profit is suspended in midair. With that many profit positions, they’re definitely going to wash it out. This is the high-level distribution phase.
1100 absolutely can’t be held. If the broader market weakens, then ZEC may need to go to 950. If a big red bearish candle with heavy volume shows up—this kind of brutal selloff is still coming.
Follow the big players and go short together. Dropping it to 950 doesn’t seem excessive, right? Target 950 for take-profit—welcome to join the Air Force!
There are over $300 million worth of long positions piled up below—over $76 million in profit is suspended in midair. With that many profit positions, they’re definitely going to wash it out. This is the high-level distribution phase.
1100 absolutely can’t be held. If the broader market weakens, then ZEC may need to go to 950. If a big red bearish candle with heavy volume shows up—this kind of brutal selloff is still coming.
Follow the big players and go short together. Dropping it to 950 doesn’t seem excessive, right? Target 950 for take-profit—welcome to join the Air Force!
