$ZEC Current price 561.7, lightly shorting in batches near this level

Stop-loss level: 565 (breaking the previous high indicates the continuation of the bullish trend, exit immediately, do not hold through)
Take-profit targets:
First target: 558-556 (short-term support level)
Second target: 552-550 (near the trend line)
The price has been rising from the low point, with a short-term increase of over 3%, bullish momentum clearly weakening, an upper shadow appearing at high levels, chasing higher prices with funds struggling to continue, and a technical correction may occur at any time.
Open interest has started to slow at high levels, indicating that bullish funds are no longer continuously entering, and the rally lacks incremental capital support, a typical volume-less blow-off top. Once sentiment recedes, it can easily fall back quickly.
The moving average divergence is too large, and the price has deviated too far from the short-term moving average, creating a strong need for a “pullback to test and repair the moving average.” Currently shorting is a high-probability move for a correction and rebound, with a very high risk-reward ratio.