After touching the pressure range of 365-372 today, it began to weaken. Several attempts to bounce back upwards were firmly held down by the barrier at 358-360. The trend is already very clear—signals of a weakening top are quite evident.
Looking at the technical aspect: the current price has broken below the daily midline, while the 4-hour MA20 is also pressing down from above. The combination of these two indicators basically confirms that the short-term trend has switched from rebound to weakening again. Care must be taken at this position, and one should not easily chase highs.
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LiquidationWatcher
· 12-01 13:11
358 can't hold, it feels like it still needs to go down.
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potentially_notable
· 12-01 13:10
358 This hurdle is really killing me, I feel like this rebound has reached its end.
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CryptoPunster
· 12-01 13:08
This operation with ZEC is really amazing, that barrier of 358-360 is just like my account, every time I try to turn it around, I'm held down tightly. I laughed as I lost this trade.
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GweiWatcher
· 12-01 13:03
It's the same trap again, 358 is the death line, really can't break it.
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ChainWanderingPoet
· 12-01 13:02
This hurdle at 358 is really tough; I've tried to break through several times but haven't succeeded. It definitely feels like an adjustment is needed.
After touching the pressure range of 365-372 today, it began to weaken. Several attempts to bounce back upwards were firmly held down by the barrier at 358-360. The trend is already very clear—signals of a weakening top are quite evident.
Looking at the technical aspect: the current price has broken below the daily midline, while the 4-hour MA20 is also pressing down from above. The combination of these two indicators basically confirms that the short-term trend has switched from rebound to weakening again. Care must be taken at this position, and one should not easily chase highs.