12.23 Midday ZEC Trend Analysis and Trading Strategy

$ZEC After touching a high of 457.69, it has been operating under the pressure of a downward trend line, with the 15-minute candlestick showing a typical bearish structure of 'rebound - decline - new low': first breaking the first resistance level of 430-35, then quickly falling below the key support of 420-25, ultimately dropping to a daily low of 412.30. Throughout this process, the price has never stood above the downward trend line, the Bollinger Bands continue to open downward, and the moving average system is in a bearish arrangement, confirming the one-sided downward trend.

During the decline of ZEC, the trading volume has remained high, without any signals of 'declining volume = selling pressure exhaustion'; rather, the volume further increased when breaking below 420-25, indicating that market panic selling is still ongoing. This 'increased volume decline + decreased volume rebound' price-volume structure is a typical characteristic of bearish dominance, making a short-term bottom almost impossible. #山寨币热点

ZEC Trading Strategy:

Short in the 420-425 range, targeting a drop to 405, with a break looking at 400→395 area.