Yesterday, #ZEC.24小时交易策略 welcomed a strong rebound, with an increase of over 20% 📈🔥
Not only did it break through the resistance level of 400, but it also stabilized successfully. The market expects it to continue rebounding towards the pressure level near 450.
According to the plan, I will continue to roll over and add short positions above 400 ⚔️
Yesterday, in the 400-425 range, two ZEC accounts executed a total of 9000U orders, while orders in the 425-450 range are still waiting to be filled.
It was originally expected to drop again to about 240 before initiating a weekly level rebound, but based on recent trends, it already belongs to a weekly level rebound 🔄
The rebound target is tentatively set around 450, with a maximum limit of about 500.
However, it should be noted that this rebound is seen as a technical correction after being oversold, and there is a high possibility of continuing downward movement after the rebound ends, with the next long-term support low still looking at about 240 ⚠️
Unless there is sustained volume above 500 this month, there is a certain probability of reversal.
Personally, I believe that based on various medium and long-term indicators and trends, the probability of ZEC reversing is extremely low.
---
Tomorrow, after the interest rate cut, the market lacks favorable support, and it is expected that there will be no further rate cuts in January and February of next year 💸
In the absence of stimulus, the overall market trend may be weak over the next two months, and ZEC is expected to break below 300 and create new lows in January-February 📉
My follow-up plan is: to place short orders in the 425-500 range, maintaining a strong liquidation price above 800 ⚔️
---
Summary:
Short-term: $ZEC will continue to rebound to 450-500
Medium to long-term: expected to break below 300 and create new lows, probing down to about 240 💹
