Many people think ZEC has hit the bottom after this big dump?

Wake up, the real shorting opportunity is still ahead - it's hidden in that seemingly enticing rebound.

First, let's look at three pieces of data, none of which are very good:

First, the long positions liquidated in the past 24 hours were exactly five times those of the short positions. It's not the bears that are crashing the market; it's the bulls who are panicking and selling off, driving the price down. This kind of stampede-style decline often has a more severe aftermath.

Secondly, the more dangerous thing here is that despite the big dump, there are still 54% of positions that are long. These people are either holding on or waiting to sell on a rebound. Once they take action, it will trigger another wave of selling.

Third, a fall that is too rapid will inevitably lead to a rebound, which is a common sense at the technical level. However, this rebound is precisely a window of opportunity for those who are prepared to short again.

If you really want to lay out a short position, don't rush to enter the market around ($344.

Wait. Wait for it to rebound to the $355 area, and once the upward momentum weakens, that will be the golden sniper position.

Stop loss? It must be set. A conservative point can be placed above $370, while an aggressive point can go up to $390. Don't hold onto any illusions.

The target level is $310, and if it breaks the previous low, the next stop could be $285.

The trend is bearish, don't think about bottom fishing just because it has fallen a lot. The market will not turn just because you feel "it's low enough."

Logic is king, risk control is paramount.