In the past two days, I've been looking at $ZEC , a typical weak rebound.
The price is now hovering around 240, having dropped significantly before. Many whales are actually facing deep losses but are still holding their positions, which is why the market often experiences sudden spikes. However, the problem is evident: there is strong selling pressure around 245, and previous attempts to break through have been pushed back.
So the key position right now is actually just one: 230.
As long as 230 holds, this market will be in a consolidation structure.
My thinking is very simple:
Wait for a pullback to 232–234 and then go long directly.
This position is a short-term support zone, with limited space below, and the first target above is 245, and if it's strong enough, it may even touch 250+.
The stop loss is very simple: exit below 227, don't hold on stubbornly.
But if 230 is breached, don't hesitate; this coin will look very bad, with 205 basically being the next stop.
So right now, I’m only looking in one direction:
Buy on pullbacks at support, don't chase highs.
The price is now hovering around 240, having dropped significantly before. Many whales are actually facing deep losses but are still holding their positions, which is why the market often experiences sudden spikes. However, the problem is evident: there is strong selling pressure around 245, and previous attempts to break through have been pushed back.
So the key position right now is actually just one: 230.
As long as 230 holds, this market will be in a consolidation structure.
My thinking is very simple:
Wait for a pullback to 232–234 and then go long directly.
This position is a short-term support zone, with limited space below, and the first target above is 245, and if it's strong enough, it may even touch 250+.
The stop loss is very simple: exit below 227, don't hold on stubbornly.
But if 230 is breached, don't hesitate; this coin will look very bad, with 205 basically being the next stop.
So right now, I’m only looking in one direction:
Buy on pullbacks at support, don't chase highs.