Looking at the four-hour chart of ZEC, the price has been oscillating within the 420-380 range, with particularly strong selling pressure near 420. From a technical perspective, the RSI has entered the overbought zone, and although the KDJ is still rising, it is about to top out. This combination of signals generally indicates a potential pullback.
In simple terms, it is more appropriate to short around the 420-430 level, provided that strict stop-losses are set. The target below is around 390-380, where support is relatively clear.
This is just a personal idea; everyone's risk tolerance is different. For reference only, be sure to control your position size and risk when operating.
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GmGnSleeper
· 01-17 01:45
420 this level indeed has a lot of pressure, but I'll wait and see if it can break through before making a move.
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RSI is overbought, why are people still buying in? This correction might be more severe than expected.
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Set your stop-loss properly, don't be greedy.
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Is the support around 380 reliable? It doesn't feel that clear.
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Shorting is also an option, but this rebound came suddenly. Be careful of getting caught.
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420-430 is a very good short position, the key is execution.
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ZEC has been quite temperamental these days. With such a wide fluctuation range, making a profit from the price difference is difficult.
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PanicSeller
· 01-17 00:14
Position 420 indeed faces significant pressure, and I see the selling pressure as well. But honestly, RSI overbought doesn't necessarily mean a signal.
Wait, how much should I set the stop-loss to be safe?
I'm a bit worried that going short might backfire and get caught in a reverse trade. ZEC has been quite mischievous lately.
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ChainSauceMaster
· 01-14 03:50
The 420 level is indeed under a lot of pressure, I'm also waiting for a pullback.
The RSI overbought signal seems quite obvious, stop-loss must be set properly.
It's not a good idea to chase ZEC this wave, let's wait until 380 to see.
Short at 420-430? The risk is too high, I don't dare to go in.
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CommunitySlacker
· 01-14 03:45
That selling pressure at 420 is really crazy; once again, I'm getting caught in a trap.
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EntryPositionAnalyst
· 01-14 03:44
420 Nakan'er indeed has strong selling pressure. I also noticed this signal; the RSI overbought combined with the KDJ top indicates that a correction is coming soon.
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GasSavingMaster
· 01-14 03:39
The pressure around 420 is indeed quite high. The overbought RSI signal still needs to be taken seriously.
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TokenomicsPolice
· 01-14 03:30
Position 420 is indeed under a lot of pressure, but I'm more concerned about what to do if it doesn't drop below 420.
Wait, RSI is overbought and KDJ is peaking; I've seen this combo produce too many false signals.
Can 390-380 really hold? I have quite a few positions; I need to step back and take a breather now.
Looking at the four-hour chart of ZEC, the price has been oscillating within the 420-380 range, with particularly strong selling pressure near 420. From a technical perspective, the RSI has entered the overbought zone, and although the KDJ is still rising, it is about to top out. This combination of signals generally indicates a potential pullback.
In simple terms, it is more appropriate to short around the 420-430 level, provided that strict stop-losses are set. The target below is around 390-380, where support is relatively clear.
This is just a personal idea; everyone's risk tolerance is different. For reference only, be sure to control your position size and risk when operating.