Family, I'm Ah Bo! Let's talk about ZEC's recent rebound. The price reached the critical position of 380, and it seemed like it was about to drop, but suddenly it stopped and surged upward. Looking at the four-hour chart, the previous death cross sell signal has surprisingly turned into a golden cross buy signal. This change is quite fast. However, let's not rush to celebrate; this is just the beginning, and the real challenge is only just starting!
In terms of data, ZEC's liquidation amount in the past 24 hours skyrocketed to 4.69 million dollars, with both bulls and bears getting severely punished. This clearly shows that opinions in the market are completely inconsistent, with prices fluctuating like a roller coaster. In such market conditions, we need to be extremely vigilant; if we're not careful, we could lose everything. Although ZEC has been falling sharply recently, and it is reasonable to expect a rebound, unless a major positive development occurs that can completely change the situation, it’s basically hopeless to reverse the downward momentum.
Let's take a technical look at the market. The current price is fluctuating around 395 dollars, which is quite frustrating. Although buying pressure is stronger than selling pressure, and various indicators seem to show a positive trend, the trading volume during rebounds is noticeably lacking, which is pitiful. This indicates that there isn't much capital willing to enter and increase positions, leaving bulls with little confidence.
Looking up, there’s significant resistance at 420 dollars; several recent rebounds to this level have failed. Looking down, 380 dollars is a key support level that absolutely cannot be broken; otherwise, the market will be in danger. In my view, if trading volume does not increase, it will be challenging for the price to break through the 420 dollar barrier all at once. The more likely scenario is that the price will oscillate between 380 and 420 dollars, wearing down everyone’s patience.
Ah Bai's personal opinion:
It's still too early to say that the market will reverse. If the price cannot break through 420 dollars, all previous rebounds will be in vain, and it could turn downward at any time to test the key support level of 380 dollars. As for the direction of the market moving forward, I think it will likely oscillate in the range of 380 to 420 dollars first. If trading volume increases and the price breaks strongly above 420 dollars, then the space for further gains will open up; however, if the price effectively breaks below 380 dollars, a new downtrend will begin.
Core operational advice for players:
For experienced traders or those who like to trade in waves: You can sell when the price is high and buy when it is low in the range of 380 to 420 dollars. When the price approaches 420 dollars and seems unable to break through, consider reducing your position or trying to short; when the price pulls back to 380 dollars and holds without dropping, you can buy a small amount to test. However, be sure to set stop-loss orders, as if this range is broken, you need to quickly adjust your trading direction.
For beginners or players only trading spot: Don’t be impulsive, and don’t chase after the price just because it has risen a bit! The current position is quite awkward. If you really want to enter, there are two safer methods: First, wait for the price to break through 420 dollars with high volume and stay above it before buying; second, wait for the price to test again, or even slightly break below 380 dollars, and when a stabilizing signal appears, buy in batches. If none of these situations occur, it’s better to miss the opportunity than to make a wrong purchase that causes losses.
There are two simple ways to make money in this market. The first is through the experience gained from your own trading losses, and the second is to strictly follow a strategy under a professional teacher. The first way, after losing, one suddenly realizes it, but by then it’s too late. Ah Bai is currently setting up a potential coin that has a high likelihood of a strong surge, with an expected return of 7-10 times being no problem. Friends who want to seize this big opportunity, chat room directly share.
