A giant whale took a loss on 38,000 short positions on ZEC, exiting with a $35 million loss, indicating that the risks of holding an oversized position against the trend are being concentrated and released. SKHYNIX is currently also at a critical point in the long-versus-short battle. My view is that the short-term bias is slightly bullish, but you must guard against a false breakout. The current price is 1405.9, up 3.5% over the past 24 hours, with trading volume of 81,000 and a funding rate of 0.0351%, suggesting that bullish sentiment is moderate. However, the top 10 levels in the order book show a buy/sell ratio of 0.77, with sell pressure stronger. The 4-hour trend is still downward, currently 1.63% below the high. Resistance is at 1412.3, and support is at 1338.7. Strategy: on a pullback to 1339.5, enter a low-size long position, stop-loss at 1327.4, target 1410.6. If there is a breakout above 1412.3 with increased volume, you can add to the position, with a stop-loss set at 1398.2. Keep position sizing within 20%. If price breaks below 1327.4, exit unconditionally.

——This is only my personal view and does not constitute investment advice. Wishing you a successful trade.——

$SKHYNIX#ZEC giant whale closes 38,000 short positions, with losses exceeding $35 million