Smart money inflows into MATIC and WBTC on-chain haven’t lifted the broader market. Instead, after an ETH whale closed 3,000 long positions and pocketed 939,500, the market has grown noticeably more wary of high-leverage liquidations. ZHONGJI is currently at 87.37. The trend still has a bullish structure, but the MACD has formed a death cross at a high level, the candlesticks are hitting resistance, and momentum is fading.
I’d just finished delivering an order to the sixth floor of a run-down apartment building when my phone buzzed again with a debt-collection call. I could only take a quick look at the liquidation chart first. A large cluster of long liquidations sits between 77.9 and 85.1, while there’s a gap in short liquidations between 89.9 and 92.3. Neither side is in the clear here. Based on the liquidation setup, the most likely move is an initial spike upward to trigger short stops above 89.9, followed by a rapid pullback to take out the long stops below.
As for trading, I’m not chasing longs. If the price first rallies into the 89.9–92.3 zone and shows a long upper wick or bearish volume divergence, I’d go short with a small position, set a stop above 92.8, and take profit around 84.5; if that level breaks, I’d look toward 82.0. If the price drops straight through 85.1 without a spike, I’d short a rebound near 85.5, set a stop above 87.0, and take profit around 80.0; if that level breaks, I’d look toward 77.9.
$ZHONGJI
#Zcash自9月以来首次跌破1000美元
I’d just finished delivering an order to the sixth floor of a run-down apartment building when my phone buzzed again with a debt-collection call. I could only take a quick look at the liquidation chart first. A large cluster of long liquidations sits between 77.9 and 85.1, while there’s a gap in short liquidations between 89.9 and 92.3. Neither side is in the clear here. Based on the liquidation setup, the most likely move is an initial spike upward to trigger short stops above 89.9, followed by a rapid pullback to take out the long stops below.
As for trading, I’m not chasing longs. If the price first rallies into the 89.9–92.3 zone and shows a long upper wick or bearish volume divergence, I’d go short with a small position, set a stop above 92.8, and take profit around 84.5; if that level breaks, I’d look toward 82.0. If the price drops straight through 85.1 without a spike, I’d short a rebound near 85.5, set a stop above 87.0, and take profit around 80.0; if that level breaks, I’d look toward 77.9.
$ZHONGJI
#Zcash自9月以来首次跌破1000美元
