Brothers who are closely watching the ZEC market tonight are probably wondering: after this wave of decline, will it crash directly or can it rebound? Don't guess randomly, let's analyze the market thoroughly, the answer is clear!
First the conclusion: we are currently in a downward continuation, bottom fishing = catching flying knives with empty hands, just giving away money!
The technical indicators are all showing bearish signals, don't be fooled:
MACD Trap: Although the yellow and white lines are on the 0 axis, the top divergence prototype has already emerged! Prices haven't dropped much, but the upward momentum has turned and is exhausted; it looks energetic, but in fact, it's weak;
Sell orders are pressing down: commission ratio - 0.19%, commission difference - 27%, there are significantly more sell orders than buy orders, with sell orders piling up at the price levels of 417.70-417.75 like a wall blocking the rise; the rebounds are all small scattered orders, and large funds haven't entered the market at all;
Weak structure: The price is pressed down by multiple short-term moving averages, and the rebound can't even break the small platform; there are more and more bearish candles on the 4-hour chart, and bears are slowly taking control of the situation!
My view is very clear: ZEC will most likely first drop to 410, then test 370, a direct reversal upward? Don't even think about it!
Don't daydream about 470 or 514 anymore, there's no volume, no good news, and a weak structure, why would there be a big rise? 410 is just a psychological barrier, technical support is fragmented, and once it breaks with volume, short-term funds will panic sell, it cannot be held at all!
The real key is around 370: this is the bottom tested multiple times in the early stages and also the last line of defense for the bulls, it will be fiercely defended!
Operational advice directly given, don't step into pitfalls:
No position / light position: Don't rush to act, wait for the price to drop thoroughly, and enter when a 4-hour stabilization candlestick or a bullish engulfing pattern appears;
With position: Reduce position decisively when rebounding to 425-430; if it falls below 410 and stabilizes, directly stop loss and run!
There are many market opportunities, but what is lacking is patience and the ability to see through the main forces. This game of ZEC is not the main force being clear while we are in the dark; understanding volume and price can put you on the proactive side!
If you want to avoid deep losses and seize the rebound opportunity around 370, follow me, 👉chat room to see how I analyze the intentions of the main forces and make precise layouts! Investment is not gambling; it needs to be systematic! I am Da Mao, accompanying you to cope with the market's unpredictability with technology, steadily protect your principal, and make big money!#加密市场观察 #美国宏观经济数据上链 $ETH $ZEC
