Explosion Warning! ZEC plummeted after reaching 457.78, the short-term moving average has been directly breached, and the adjustment drama is officially underway!
ZEC's 1-hour chart has completely changed! After hitting the high point of 457.78, it turned around and fell, directly breaching the short-term moving average, firmly entering the correction phase after the previous price increase!
Technical indicators signal full throttle, clearly showing the strength of bulls and bears:
MACD high position dead cross, bullish momentum has completely stalled, the market has officially switched to a bear-dominated adjustment mode;
RSI is flat in the weak zone, not yet in the oversold range, and the downward momentum is likely to continue to be released, potentially prolonging the adjustment time;
The price is approaching the lower Bollinger Band, likely to test support here;
Trading volume has decreased, and selling pressure is temporarily manageable, no need to panic and flee.
Three types of trend probabilities are clear, don’t guess blindly:
High probability: the 407.68-410.00 area holds the rebound, target 418-420 resistance area, hitting pressure means stalling;
Second high probability: breaking down 407.68 on increased volume, heading straight to the 400-395 area for support;
Low probability: a sudden great news violently breaks through the 428-432 resistance area, the current technical structure simply does not support it!
Operational strategy straightforward, avoid pitfalls:
For holders: set 407.5 as the exit safety line! If the rebound reaches the 418-420 resistance area and cannot break through, decisively reduce positions;
Traders / Observers:
Going long: wait for the price to precisely retrace to 407-410, and when the 15-minute chart shows a bullish candlestick pattern, then test with a very small position, and stop loss must be well managed;
Going short: more prudent! Wait for a rebound to 418-420 showing stagnation signals to lay out, or after a strong volume break below 407 when the rebound is weak to short on the right side;
Best strategy: stay in cash and observe! Patiently wait for a stabilization signal near 407, or a resistance signal near 418, act only when the direction is clear!
Key risk control to remember: 407.68 is the short-term bull-bear lifeline, whether it breaks or not directly determines the direction! Currently, MACD dead cross + price below the moving average, shorting on high is the trend-following operation, trying to bottom against the trend is just asking for trouble! Until the direction is clear, be sure to play with very light positions, absolutely do not go all in!
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