ZEC's recent trend is indeed interesting. From a technical perspective, although there was a rebound after breaking through a key level, this rebound exposed a problem — resilience has decreased. Yesterday's volume-driven decline combined with that long wick basically announced that the previous upward trend has ended.
To be honest, most coins are currently in a similar situation, making it difficult to return to previous highs. In the short term, it's more about a process of oscillation and digestion. If you're shorting, you might consider using a grid strategy to cope with this volatility. Technically, setting a stop-loss at 469.39 is quite reasonable.
Of course, this is just personal opinion; specific operations should still be based on your own risk tolerance.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
13 Likes
Reward
13
8
Repost
Share
Comment
0/400
PseudoIntellectual
· 01-11 18:30
469.39 is indeed a clever level to watch, but I think it also depends on the volume and momentum.
View OriginalReply0
fren.eth
· 01-10 23:59
A rebound exposes the problem; I can't buy into this logic. It's probably another signal before a new round of cutting leeks.
View OriginalReply0
GasFeeCrybaby
· 01-09 01:52
Is the 469.39 level really holdable? It feels like it might break.
View OriginalReply0
ChainProspector
· 01-09 01:52
Hmm... Long needles are the most annoying, watching the resilience just disappears.
---
469.39 is a solid level to set, but the problem is that the rebound might need to be tested again.
---
Even at this point, still hoping to go higher, it's a bit of a pipe dream haha.
---
Grid strategy is really useful right now, but I'm just worried that the coin might plunge sharply and break through the bottom.
---
To be honest, anyone daring to buy the dip now has to consider their risk tolerance.
---
The four words "resilience decline" really express my feelings.
---
The previous trend is really gone, and in the short term, it's just about ups and downs.
View OriginalReply0
TestnetFreeloader
· 01-09 01:48
I knew it was over the day the long needle appeared; I've seen too many cases of weak rebounds.
View OriginalReply0
SilentObserver
· 01-09 01:47
The moment the long needle appears, you know it's hopeless. Once the resilience drops, this rebound is just a trap.
View OriginalReply0
TokenomicsTrapper
· 01-09 01:45
honestly the "韧性下降" part is just cope for watching your bags get rekt... classic dead cat bounce energy. seen this movie before lmao
Reply0
DaoTherapy
· 01-09 01:29
469.39, I remember this level, but honestly, this rebound is just a stubborn dead duck
Grid trading sounds good, but in practice, it still depends on your reaction speed
ZEC's recent trend is indeed interesting. From a technical perspective, although there was a rebound after breaking through a key level, this rebound exposed a problem — resilience has decreased. Yesterday's volume-driven decline combined with that long wick basically announced that the previous upward trend has ended.
To be honest, most coins are currently in a similar situation, making it difficult to return to previous highs. In the short term, it's more about a process of oscillation and digestion. If you're shorting, you might consider using a grid strategy to cope with this volatility. Technically, setting a stop-loss at 469.39 is quite reasonable.
Of course, this is just personal opinion; specific operations should still be based on your own risk tolerance.