$ZEC Section chief has been focusing on the upward trend line here for the past couple of days; a break below indicates a bearish outlook. Yesterday, zec also broke below and then directly retraced.



The current market depends on when the downward trend line here and the support/resistance switch at 593 can be broken above; otherwise, the short-term correction risk is quite high. Once it goes up, consider shorting at the resistance of 625-635.

Support levels below are at 480, with 435-445 possibly seeing a rebound.
ZEC-6.53%
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BrotherDaoBit
· 7h ago
The callback is quite fast.
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GateUser-da5b026e
· 8h ago
Paying close attention🔍
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MevStreetPhotographer
· 8h ago
Breaking below the trend line indeed signals caution; this pullback is coming quite quickly.
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EbbShellLedger
· 9h ago
I'm planning to place a long order in the 435-445 range to test the rebound.
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GateUser-d6fb8ff1
· 9h ago
The short-term outlook remains bearish; consider switching to bullish only after breaking above 593.
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GlassDomeUniverse
· 9h ago
Position 593 is very critical; if you can't stand firm there, the bears will continue to dominate.
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SushiAndSlugs
· 9h ago
If the 480 support level breaks, the space below will open up.
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HodlBystander
· 9h ago
The lines drawn by the section chief are still accurate; breaking below them is a clear signal to short.
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