ZEC's recent trend indeed makes people anxious. From the high of 523.16 down to the low of 435.26, this decline has already shattered many traders' psychological bottom line. The problem is that this wave of decline has given no chance for the bulls to breathe—any sign of a rebound is immediately suppressed by a surge of selling pressure.

From a technical perspective, the situation remains quite severe. The 24-hour trading volume exceeds 65.91 million USDC, with a trading volume of 139,481.402, indicating a very strong market sell-off sentiment. Most importantly, previous support levels have become virtually meaningless, being easily broken one after another. This phenomenon usually suggests that the trend has not truly bottomed out.

The current rebound also appears weak. The price has slightly recovered from lows to 443.51 but still fell by 10.22% over the day, indicating that the buying strength is still too weak. If this pace continues, the risks ahead should not be underestimated.

**Core trading strategy ideas:**

For traders looking to participate in the rebound, consider this approach: wait until the price rebounds to the 460-470 range before entering, while controlling your position size and using small funds to test the waters. But the prerequisite is that the price must stay firmly above the recent key resistance level; otherwise, it’s like taking a hard hit. This is not the time for aggressive positioning.

For those shorting, clear target levels are: first target at 430, second target at 420. If the downtrend shows no signs of stopping and even drops to 410, it’s not impossible. Set your stop-loss at 470; once the price breaks this level, it indicates that the short-term downtrend may ease, and it’s time to adjust your mindset.

**Most importantly, avoid catching falling knives.** ZEC’s waterfall decline shows no signs of stopping, and bulls are finding it especially difficult to step in. Market sentiment is at rock bottom. As long as the price does not break through the key level of 470, there’s no need to change the bearish outlook. The current strategy is to be patient, wait for the previous profit-taking to fully unwind, and for market sentiment to truly bottom out—then it will be a more reasonable entry point.