🚨 $ZEC is actively hunting shorts! Did you catch this massive squeeze? 🤯
Zcash just pumped over 17.5%, aggressively sweeping buy-side liquidity all the way up to $968.70! But here is the real story hiding in the data: the Long/Short Ratio is sitting at a crazy 0.41. That means a massive 70.74% of the market is currently stuck in short positions! 💥
Retail kept heavily shorting the pump, so Smart Money violently squeezed them out to grab that liquidity. However, with the RSI(6) screaming at 86.25 and the price completely overextended from the MA(7) at $859, this move is dangerously overheated.
📉 Next Move Direction: Rejection & Retracement.
We swept the liquidity at $968 and are already seeing a rejection wick form. Given the extreme overbought conditions and trapped late buyers, expect a healthy pullback to retest the underlying order block and MA(7) support around the $860–$880 zone before any real continuation. Do not blindly chase longs into this trap!
Are you stepping in to short this correction, or waiting patiently for the dip to buy? Drop your strategy below! 👇
$ENA
$BULLA
Zcash just pumped over 17.5%, aggressively sweeping buy-side liquidity all the way up to $968.70! But here is the real story hiding in the data: the Long/Short Ratio is sitting at a crazy 0.41. That means a massive 70.74% of the market is currently stuck in short positions! 💥
Retail kept heavily shorting the pump, so Smart Money violently squeezed them out to grab that liquidity. However, with the RSI(6) screaming at 86.25 and the price completely overextended from the MA(7) at $859, this move is dangerously overheated.
📉 Next Move Direction: Rejection & Retracement.
We swept the liquidity at $968 and are already seeing a rejection wick form. Given the extreme overbought conditions and trapped late buyers, expect a healthy pullback to retest the underlying order block and MA(7) support around the $860–$880 zone before any real continuation. Do not blindly chase longs into this trap!
Are you stepping in to short this correction, or waiting patiently for the dip to buy? Drop your strategy below! 👇
$ENA
$BULLA
