Dear friends, I spent an entire afternoon analyzing the hourly chart of ZEC. As someone who survived the 2018 crash, I must be honest — this current position is very risky.

Many people can't help but feel excited when ZEC drops to around 483.29, thinking it's a good entry point. But I want to say, this is precisely the most trap-prone area.

The technical indicators are currently full of bearish signals. ZEC's price is being tightly pressed down by the lower band of the Bollinger Bands, which is not a support level but an area fully occupied by bears. Even more concerning is the moving average situation — MA7, MA30, and EMA30 lines are stacked above, forming a clear bearish alignment. I've seen this pattern too many times; there’s an 80% chance it will continue to decline.

The MACD indicator is also all green. Both DIF and DEA have fallen below zero, and the green bars are expanding, indicating that the bearish momentum has not yet exhausted. Entering now is equivalent to handing your gun to the bears.

I've seen too many beginners make the mistake of mistaking a dip for a bottom correction. As a result, before the rebound occurs, their capital has already halved. The rule in the crypto market is that without clear bottom signals, blindly bottom-fishing is a gamble with your life.

Wait. Let the bullets fly for a while. Consider entering only after the MA moving averages turn around and the MACD indicator moves out of the zero line. Preserving your capital should always be the top priority.