$ZEC - STOP OPENING SHORT POSITION ON ZCASH!!!
[ZEC 😭 Short Liquidation: $27.23M - Long Liquidation: $5.58M]
There is a strange thing in crypto which shows the lack of understanding and emotional decision-making of people, that is the more the price increase, the more short positions they open, hoping it will drop and vice versa.
$ZEC now is an example. After surging over 150% and moving sideway for a bit, people started to believe that it has no more momentum to keep it bullish and the price would immediately drop down.
They open more and more short position with faith they will definitely make profit. But no, they are turning into EXIT LIQUIDITY since they started thinking like that.
ZEC's funding rate is negative now, means many short position is opening or we can call that ZEC has plenty of fuel and momentum to continue rising prices to take the huge short liquidity about $27.23M (3 times bigger than Long order).
So, stay sharp and learn to think about how smart money wants you to act so they can take your money, then do the exact opposite.😇
#Zcash #ZEC #BinanceSquare #CryptoAnalysis #TechnicalAnalysis #PrivacyCoins #ZECUSD
[ZEC 😭 Short Liquidation: $27.23M - Long Liquidation: $5.58M]
There is a strange thing in crypto which shows the lack of understanding and emotional decision-making of people, that is the more the price increase, the more short positions they open, hoping it will drop and vice versa.
$ZEC now is an example. After surging over 150% and moving sideway for a bit, people started to believe that it has no more momentum to keep it bullish and the price would immediately drop down.
They open more and more short position with faith they will definitely make profit. But no, they are turning into EXIT LIQUIDITY since they started thinking like that.
ZEC's funding rate is negative now, means many short position is opening or we can call that ZEC has plenty of fuel and momentum to continue rising prices to take the huge short liquidity about $27.23M (3 times bigger than Long order).
So, stay sharp and learn to think about how smart money wants you to act so they can take your money, then do the exact opposite.😇
#Zcash #ZEC #BinanceSquare #CryptoAnalysis #TechnicalAnalysis #PrivacyCoins #ZECUSD
