$ZEC ZEC short signal flashing red! If you got caught yesterday, don’t rush to cut your losses—there’s a way to get out.
Market news: Grayscale’s Zcash ETF has seen net outflows for several consecutive weeks, with cumulative withdrawals exceeding $120 million. Spot-market demand is clearly too weak to absorb the selling. The project team is promoting the project everywhere and pushing upgrades, but the money is voting with its feet: the ETF continues to bleed. That’s a dangerous signal.
Another point: the whale who was previously the “biggest short” has already cut losses and exited, closing 38,000 short positions at a loss of $36 million. This means the biggest source of short-squeeze pressure is gone, and the bulls have lost their “protective umbrella.” Without short covering to drive it, this rebound is on shaky ground.
Technical analysis: The daily chart is facing clear resistance from the moving averages. Until the price gets above the key moving average on the 4-hour chart, any rebound is an opportunity to go short.
Xinhuo strategy:
Aggressive traders: Open a short position at the current price; add to it near 1255.
Conservative traders: Wait for the market to cluster around 1255 before entering short positions.
(For precise entry timing, 👇come to my lounge below for real-time information👇the risk-reward ratio is unbelievably good) #zec
Market news: Grayscale’s Zcash ETF has seen net outflows for several consecutive weeks, with cumulative withdrawals exceeding $120 million. Spot-market demand is clearly too weak to absorb the selling. The project team is promoting the project everywhere and pushing upgrades, but the money is voting with its feet: the ETF continues to bleed. That’s a dangerous signal.
Another point: the whale who was previously the “biggest short” has already cut losses and exited, closing 38,000 short positions at a loss of $36 million. This means the biggest source of short-squeeze pressure is gone, and the bulls have lost their “protective umbrella.” Without short covering to drive it, this rebound is on shaky ground.
Technical analysis: The daily chart is facing clear resistance from the moving averages. Until the price gets above the key moving average on the 4-hour chart, any rebound is an opportunity to go short.
Xinhuo strategy:
Aggressive traders: Open a short position at the current price; add to it near 1255.
Conservative traders: Wait for the market to cluster around 1255 before entering short positions.
(For precise entry timing, 👇come to my lounge below for real-time information👇the risk-reward ratio is unbelievably good) #zec