With the support of large ZEC whale withdrawals, the short-term price upward trend is clear, but investors need to rationally grasp the support and resistance levels to avoid blindly chasing highs. From a technical perspective, the current ZEC price is at the upper edge of the recent volatile range, with the first support level located at the mid-point of the range, which is XX dollars (adjusted according to real-time prices). This position is a densely traded area in the recent market, providing strong support; the second support level is at the previous low of XX dollars. If the price retraces to this position, it is highly likely to trigger a bullish rebound.
In terms of resistance levels, the first short-term resistance level is the previous high of XX dollars, which has accumulated a significant amount of trapped positions. A price breakout requires sufficient trading volume support; if the first resistance level can be successfully broken, it will subsequently attempt to reach a higher resistance level of XX dollars. From the perspective of trading volume, ZEC's trading volume has shown a gradual increase recently. If the trading volume can remain high during the price rise, it will effectively enhance the probability of breaking through the resistance level. For investors, a staggered investment strategy can be adopted, entering the market moderately when the price pulls back to the support level, and gradually reducing positions as it approaches the resistance level, while also setting stop-loss levels to avoid risks from price fluctuations.@男神说币 #巨鲸动向 $BTC
