In the morning, ZEC followed the rise of mainstream tokens and quickly fell back to around 502. From the 4-hour chart, the short-term consecutive bullish movements faced pressure in the middle band area, and then a series of bearish movements occurred. The Bollinger Bands still maintain a downward channel, and the weak pattern has not changed. Therefore, the strategy remains focused on shorting during rebounds, and it is recommended to place short orders in the 515-520 range, with the initial target set at the 480 level.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
In the morning, ZEC followed the rise of mainstream tokens and quickly fell back to around 502. From the 4-hour chart, the short-term consecutive bullish movements faced pressure in the middle band area, and then a series of bearish movements occurred. The Bollinger Bands still maintain a downward channel, and the weak pattern has not changed. Therefore, the strategy remains focused on shorting during rebounds, and it is recommended to place short orders in the 515-520 range, with the initial target set at the 480 level.