I just stared at ZEC's one-hour chart for a while, and my back feels a bit cold—this trend is quite interesting.
First, let's look at the data:
ZEC has risen 804% in the last 90 days and 913% in the last 180 days, looks quite impressive, right? But if you look at the entire time frame, it’s -89.52%. What does this indicate? This coin is a typical 'roller coaster player', playing the game of soaring and plummeting better than anyone else.
Looking at the one-hour chart now, the overall trend is downward. The MACD yellow and white lines are steadily rising above the 0 axis, but be careful—there may be a death cross coming after the golden cross. This is a key signal.
Have you noticed a detail? In the 24-hour liquidation data, short positions were liquidated for 6,540,000, while long positions were only liquidated for 1,410,000. What does this indicate? It indicates that most people believe the market will drop, but the market often loves to slap them in the face.
Technical aspect:
Upper pressure level 533, 596 (this is a strong resistance and hard to break through at once)
Lower support at 386, bottom support at 322
The bull-bear watershed is at 450
What does it mean? Simply put: 450 is today's 'line of life and death'. If it holds, it can reach up to 533; if it doesn't hold, it will directly look for 386.
Shengyi's view:
ZEC is likely to test the 450 watershed today. If it holds, it will rebound to touch 533; if it doesn't hold, directly look at 386. My overall direction is bearish, but this drop won't happen all at once; there will be rebounds in between, especially around 322, where there might be a decent pullback. Why? Because both RSI and MFI are 'watching', and the market sentiment hasn't completely collapsed yet; some are still waiting for rebounds to sell.
Do you get excited as soon as you see a rebound, thinking the bull market has returned, only to get stuck around 533?
As soon as it drops below 450, you panic, cutting losses at the bottom.
The market always has opportunities; the key is to operate calmly. Shengyi will continuously help everyone keep an eye on the on-chain dynamics, steadily moving forward together! Find the Shengyi chat room: 【1143032750】, join every attack as a resident of Shengyi! Shengyi will announce the specific entry times and real-time news in the village every day!#zec $ZEC
