I've been monitoring ZEC's recent movements. The short position I entered at 550 has already fallen below 500. Looking at the technicals, the situation is quite clear.

On the 4-hour chart, the price has broken below the key psychological level of the middle Bollinger Band, and on the 30-minute short-term chart, it is clearly in a downward channel. These are typical bearish signals.

However, from the perspective of the chip structure, the main force's holdings haven't changed significantly. There was a large outflow of funds last night, but now only a small amount of capital is gradually flowing back in, and overall participation remains low.

Based on this assessment, the short-term outlook is still leaning bearish. If you want to short, my advice is to be patient and wait for a rebound to a higher level before choosing an entry point. This approach will offer better cost-effectiveness, avoiding chasing lows, and the risk-reward ratio will be more favorable.