$ZEC
LONG or SHORT?
Option 1: Short (Stronger Recommendation Currently)
* Reason:
* The medium-term trend (4 hours) is still very bearish.
* The downward momentum is still strong, indicated by price movement and volume.
* The price has broken through important support (340.08) and is potentially heading towards the next support level at 301.14 or even lower.
* Although the RSI is oversold, in a strong trend, the price can remain in the oversold zone for a long time.
* Strategy:
* Entry: Can open a short position around the current price (342.80) or after confirming rejection at resistance 340-350.
* Stop Loss: Set above resistance, for example, 360 or 370.
* Target Profit: Main target at 301.14 (previous support), or 280-270 if the trend continues.
Option 2: Long (Only If Reversal Confirmation Appears)
* Reason:
* The oversold RSI gives room for technical correction or bounce.
* If the price is able to bounce strongly from support 301.14 and breaks back above 340-350, it could be an early signal of a trend reversal.
* Strategy (Only for Aggressive Traders):
* Entry: Only if the price bounces from 301.14 with high volume and a strong green candle, or if it successfully breaks and closes above 350.
* Stop Loss: Set below support 301.14, for example, 290.
* Target Profit: First target at 380-400, second target at 450.
