An old player who has been through ups and downs in the crypto world, now working full-time on market analysis. Today, while watching the market, ZEC's 1-hour chart sent chills down my spine — the yellow and white lines have uniformly crossed below the zero axis, and the golden cross has turned into a death cross. This is usually not a small adjustment but the beginning of a downward trend.
The news is also coming to 'stab the knife'; are the bears going to celebrate?
External news, ZEC has broken through the key support level of 420, and bearish control has strengthened. Although the Grayscale report is optimistic about the privacy sector in the long term, the short-term market does not agree. Some institutions are calling for $1000, which is just a pipe dream; we are focused on how to survive tonight.
There are always opportunities in the market; the key is to operate calmly. Nanxi will continue to help everyone keep an eye on the on-chain dynamics, and we will move forward steadily together! But first, you need to find Nanxi.
The technical side has 'spoken', is the main force running away?
From the chart, ZEC's hourly line closed at 41.29, the key level 403 has been broken, with support looking at 360 below and then 314. Resistance above is first seen at 457, with strong resistance at 511. The MACD death cross has formed, and after a contraction in volume, a sudden drop indicates that the main force may be unloading. Remember this: "Death cross with no volume, drop with no bottom," and it is clearly a volume drop now.
Many beginners want to catch the bottom when they see the price drop, but if you look at the RSI and MFI, they are both in the observation zone, indicating that market sentiment hasn't hit the bottom yet. If you rush to catch the falling knife now, you might catch it midway down.
Nanxi's steady advice for players (only half is mentioned here, find Nanxi for detailed points): Resistance levels 457 and 511. If the price rebounds here with insufficient volume, short decisively, with stop-loss set at the previous high. The short-term support below is seen in the 403-457 range. If it stabilizes at 403, you can take a small position for a rebound, in and out quickly. Major support is around 314. If it really drops here, it’s an opportunity for medium to long-term positioning. Currently, the overall outlook is bearish, do not go against the trend with heavy positions. If you are a short-term player, it is recommended to wait and see; if you are already stuck, reducing positions during a rebound is the best strategy.
Everyone has different position sizes, it is recommended to find Nanxi, become a villager of Nanxi, synchronize with the entry for building positions, and Nanxi will help you plan your position and control risks!
I have seen too many people go from greed to panic, ultimately cutting losses and leaving the market. The crypto world is never short of opportunities, what’s lacking is patience and discipline. If ZEC continues to dip tonight, what will you do? Will you follow the panic sellers, or calmly wait for signals?
If you often struggle to keep the rhythm and can't understand the main force's movements, feel free to follow Nanxi. I will share more real-time signals and position strategies in the village, so we can survive in the bear market together and wait for the bull market to enjoy profits.
Want to get real-time operation reminders for ZEC tonight? Find Nanxi, and you can also follow the strategy to steadily profit!
