ZEC's recent rally has been truly fierce, heading straight for the 448 price level with no signs of turning back. However, based on the current situation, the upward momentum seems to be weakening.
Looking closely at the 1-hour chart, the MACD is about to form a death cross, and the RSI is also trending downward. When these two indicators weaken together, everyone understands what it usually means. What's more interesting is the data on the long-short ratio — large investors are clearly pulling out their funds, which is the most telling sign. The main force is retreating, and the selling pressure on the market has indeed accumulated quite a bit.
From this perspective, most of the people chasing the long position at this moment are likely taking over the positions of previous holders. If you're still hesitating about whether to continue going long, it might be better to change your approach and consider the shorting opportunities. Both technical and capital indicators are pointing in the same direction, and that's enough.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
12 Likes
Reward
12
5
Repost
Share
Comment
0/400
ImpermanentPhobia
· 7h ago
Typical pump-and-dump scheme, the main force ran away and we're still chasing, haha.
Position 448 is indeed dangerous, but once the death cross appears, it's time to change the plan.
Wait, RSI turned around so quickly? Looks like big players are really clearing out.
Instead of obsessing over whether to go long or not, it's better to think about how to catch the bottom of the shorters. Basically, it's a relay game.
The MACD death cross is coming, and some are still sleepwalking into buys? I might as well go short directly.
With such heavy selling pressure, short-term bulls are basically out of the question. Changing your mindset is the smart choice.
The main force has already lifted their feet, retail investors are still foolishly waiting for a rebound—laughable.
Position 448 has probably topped out. The technical and capital sides are both bearish, it's time to turn around, everyone.
View OriginalReply0
0xLostKey
· 7h ago
The signs of big players fleeing are so obvious, yet people are still chasing. Truly brave.
---
Death cross + RSI declining, a classic dump pattern. ZEC is probably going to retrace this time.
---
Exactly right. Most people entering now are basically bagholders. I've already halved my position.
---
Fundamentals speak for themselves. Even if you don't trust technicals, you have to believe this. The bearish opportunity has indeed arrived.
---
448 peak? Feels like it still needs to struggle a bit more, but in the long run, it's definitely time to reverse.
---
Main players retreating, selling pressure piling up. When these two happen together, you should be alert.
---
It's that same pattern again. Every time, the last batch of people get caught the worst.
---
I just want to know how much more it needs to fall to stabilize. If worse comes to worst, I'll wait for the bottom to buy in.
View OriginalReply0
GateUser-4745f9ce
· 7h ago
The big players have run away, and we're still picking up the bag. I'm tired of this routine.
The large investors are all fleeing, yet you still keep chasing the longs. Are you out of your mind?
The death cross is here again. Getting caught every time is really speechless.
MACD death cross plus RSI decline—this signal couldn't be more obvious. The bears should take over now.
Those chasing longs are the last big fools. This time, it's really time to change your approach.
View OriginalReply0
notSatoshi1971
· 7h ago
The signals of big players fleeing are so obvious, yet you're still chasing longs. Have your brains been kicked by a donkey?
The main force has withdrawn, and even if a death cross occurs, they will still come. This is the fate of the bagholders.
Position 448 is indeed dangerous. I have already halved my position.
RSI is turning downward, and a bearish trend is really coming. Get ready to buy the dip, everyone.
MACD death cross plus capital outflow—who can withstand this combo?
Weakness is weakness. Don't force it. The bearish mindset is indeed appealing.
View OriginalReply0
PoetryOnChain
· 7h ago
The main force is running away, and we're retail investors still taking the bait.
That surge in 448 was rapid, now it's weakening quickly. The death cross has appeared, making shorting even more attractive.
The big players have already withdrawn, leaving only the retail investors to cut each other up.
---
This wave feels a bit off, MACD is about to form a death cross, and we're still chasing longs?
---
Get real, with such heavy selling pressure, the big players are definitely offloading. Are you the one catching the bag?
---
The most honest indicator is the capital flow. The signs of escape are so obvious, why aren't we reversing?
---
Forget it, the main force has already run from this market. The death cross has given a signal, and we should also exit.
ZEC's recent rally has been truly fierce, heading straight for the 448 price level with no signs of turning back. However, based on the current situation, the upward momentum seems to be weakening.
Looking closely at the 1-hour chart, the MACD is about to form a death cross, and the RSI is also trending downward. When these two indicators weaken together, everyone understands what it usually means. What's more interesting is the data on the long-short ratio — large investors are clearly pulling out their funds, which is the most telling sign. The main force is retreating, and the selling pressure on the market has indeed accumulated quite a bit.
From this perspective, most of the people chasing the long position at this moment are likely taking over the positions of previous holders. If you're still hesitating about whether to continue going long, it might be better to change your approach and consider the shorting opportunities. Both technical and capital indicators are pointing in the same direction, and that's enough.