5.22 Jiang Yu Heng | ZEC 15-Minute Level Market Analysis

The current price is around 655, having broken below the MA7 and MA30 dual moving averages, with short-term moving averages showing a death cross downward, indicating a clear resistance to rebounds, and bearish momentum is being released.
After a previous surge to 686, it pulled back, with a low of 645. Currently, it is in a weak oscillation phase after a high-level correction, with highs gradually moving lower, and rebound momentum is insufficient.

Trading ideas:

Primarily shorting at high levels: When rebounding to the 663-665 range and facing resistance and pulling back, consider a light short position, with a stop loss above 668, targeting 650-645.

Secondary long positions: When retesting the 645-638 range and stabilizing with signs of a stop in decline, consider a light long position, with a stop loss below 635, targeting 660-663; if retesting around 650 and stabilizing, you can also follow up with a long position, targeting up to 680.

Currently in the high-level correction phase after the main upward wave, with intense battle between bulls and bears, and a high probability of oscillation and repeated fluctuations. Trading should strictly control position size, set reasonable stop losses, and avoid emotional holding of positions.