$ZEC The technical bearish pattern is hard to reverse, and the signal for an increase is purely a "false alarm"!
Take profit at 380, stop loss at 420. Just manage it well.
ZEC not only has trend indicators arranged in a bearish manner, but the price is also below both short-term and long-term moving averages, with momentum becoming weaker.
The so-called bullish engulfing pattern doesn't even have accompanying volume, it is purely a volume-less empty rise,
There is fundamentally no capital willing to enter the market to support, and it is extremely difficult to break through the resistance level of 348, with a high probability of retracing after fluctuations.
