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Welcome to the ZEC waterfall!!! Let’s set up a long-term position.
ZEC keeps facing selling pressure at high levels and fails to break out; rebounds lack sufficient volume, and bullish momentum continues to weaken. This is only an oversold rebound/repair phase.
In the medium to long term, the main downtrend structure has not reversed; sell pressure from trapped longs above remains heavy, and downside pullback risk is gradually building.
At high levels, be cautious about chasing; you can cautiously initiate short positions in the pressure zone with small size.
Trading advice
Build short positions in batches at 600-630, targets around 450-400 on the downside, and guard against 700$BTC $ZEC #PreIPOs第二期OpenAI认购