ZEC's recent trend is quite interesting. After the sharp decline, the big players didn't sell off; instead, they continued to buy heavily. This contrarian move usually indicates they still have confidence in the future market.

From the liquidation data, the situation is indeed shifting. Short positions were liquidated for $1.88 million, while long positions only saw $375,000 liquidated—this stark contrast shows the shorts are retreating. Open interest in contracts increased by 12.76% during the rebound, with new longs actively building positions. This increasing entry signal is quite clear.

If this pace continues, the short-term target can be set at the key level of $455. If it can hold steady, $486 is also achievable. Of course, risk management should be in place, with a stop-loss set at $395 for better safety.

Based on the current pattern, there are still opportunities for direct long positions at market price. However, ultimately, it depends on your risk tolerance.