ZEC has broken through the important level of 390 on the four-hour chart! The price is now hovering around 380, and if it doesn't bounce back above 390 before the close, it is likely to drop all the way to the strong support level of 350. The current market clearly shows that bears are in control; every time there is a slight rebound, it's a good opportunity to get out quickly, but don't rush into buying the dip without thinking!

News
The largest short whale of ZEC has finally made a profit, with a position size of 16.5 million dollars, already gaining 250,000 dollars! There are also two ZEC long whales forced to cut losses and close positions, with one of them losing about 1 million dollars. This indicates that large funds are bearish, and retail investors should not go against the trend!

Technical analysis
The MACD has formed a death cross below the water, with the white line below the 0 axis, which is a typical bearish signal! The red bars have turned to green, but the volume is shrinking, indicating that the decline has not yet increased significantly, and there may be further downward space. The upper pressure is at 430-450, with key resistance at 390; if it doesn't return, continue to look bearish!

In my opinion, ZEC will find it difficult to get rid of the weak trend in the short term! Those large capital shorts are still continuously increasing their positions, and the death cross has formed on the technical indicators. Under this double bearish pressure, even if the price rebounds, it is likely just a trap to lure in bulls. If the price breaks below the key level of 350, it could trigger a series of forced liquidations, accelerating the decline. I believe ZEC can truly stabilize only if two conditions are met: first, the price must regain above 390, and second, large capital shorts begin to reduce their positions.
What should small traders do now? Listen carefully!
Don't recklessly try to catch the bottom! The price is going down all the way, and jumping in to catch the bottom now is as dangerous as reaching out to catch a falling knife. Stay calm and wait until the market truly stabilizes before making any moves.
Focus on two key price levels! If the price rebounds to around 390, you can sell a small amount to short, setting the stop loss at 400; if the price breaks through 430 with volume, then the short position should be quickly closed and exited.
Don't place too heavy bets! The market direction is still unclear; try a small portion of your funds to test the waters, and definitely don't impulsively bet heavily on one direction.
Go with the trend! Large capital is currently shorting, so let's not go against these big players; following them is definitely the right move.

The ZEC price has already broken through important support levels, and large capital shorts are making a fortune. Brothers, remember: don't go against the trend, don't go all in, and don't foolishly dream of a rebound; wait honestly for real reversal signs in the market before entering!
The price drop is actually not scary; it is more like a test, testing whether your understanding of the market is deep enough, and whether you can control yourself and adhere to trading discipline. Only those who can maintain a calm mindset and analyze calmly during market panic have the opportunity to seize the next wave of rising trends.
If you want to seize the opportunity together, remember to follow me! I will share specific entry timing every day inthe chat room, and I will also synchronize the latest market dynamics to help you seize the good times for making money!
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