I glanced at the ZEC trend this afternoon, and my heart felt doomed.

The current price is stuck around 375, constantly rubbing against the lower Bollinger Band. It's slowly declining, but there's no sign of a stop in the drop. The moving averages have already formed a bearish formation, and the trading volume has shrunk significantly—at this time, the bulls have no strength to fight back. As I mentioned before, ZEC's rebound this time couldn't gain any momentum, and now it's clear that I was right.

My own trading strategy is quite simple: if there is a rebound later, and it jumps to the 400-450 range, I will consider looking for opportunities to short, with the first target at 350, and then at 300. What if the 300 support doesn't hold? Then I'll follow the trend downwards, with around 280 as the next target.

Of course, the market is unpredictable, so managing your own risk is the most important thing. #数字资产市场观察 $BNB

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OnchainSniper

· 12h ago

The Bollinger Bands have been at the bottom for so long, will there still be a rebound? I doubt it, ZEC seems to be struggling a bit this time.

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GhostAddressHunter

· 12h ago

This wave of ZEC really can't be pumped, I closed all positions a long time ago, and now I'm even more annoyed watching it. You're right, cut it at 400-450 on the rebound, don’t be greedy. The moving averages are in short positions and you still want a rebound? Wake up, brother, the downward trend has already formed. ZEC has some issues, once the volume dies, you know something's going to happen. The probability of holding above 300 is actually quite large, just do shorting and set a stop loss. Really, the scariest thing is losing money and still holding a losing position; risk control is never out of style. The Bollinger Bands are touching the lower band, this signal is already very clear, what are you still hesitating about? I think it can reach 280, or even lower to find the bottom. However, there should be a pullback at 250-260, and then you can consider buying the dip. The volume has shrunk so severely, there will definitely be space ahead, don't rush to buy the dip.

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RealYieldWizard