From a 1-hour perspective, ZEC currently presents a relatively clear short-term rebound structure.
The price previously fell rapidly from a high of 476.40 to 378.71, with a cumulative drop of more than 20%, typical of short-term emotional over-reaction. During the sharp decline, bearish momentum was quickly released, and selling pressure significantly diminished, objectively creating conditions for a technical rebound.
After reaching the level of 378.71, the K-line showed a significant long lower shadow pattern, indicating active low-level buying support, and funds began to enter, with preliminary signs of a short-term bottom emerging; at the same time, the current price has a large deviation from both the MA7 and MA30 moving averages, indicating a technical need for regression and repair towards the moving averages.
From an emotional perspective, the previous continuous decline has fully digested the market's pessimistic expectations, and no further significant volume breakdown has occurred at low levels; instead, it has stabilized and rebounded, pushing market sentiment from panic gradually towards tentative replenishment, providing dual support of emotion and funds for a short-term rebound.
Operation Reference
Entry Range: 381 – 386
Stop Loss Position: 370
Rebound Target: 395 / 415 / 430
Overall, treat it as a technical rebound, focusing on changes in volume and structure during the rebound process, and strictly control risk.
