The current price of ZEC is in the range of 355-375, showing a collapse-like downward trend: The 4-hour giant bearish candle has broken away from the lower Bollinger Band, accompanied by panic selling and a long squeeze; The moving averages are in a bearish arrangement, the MACD green bars are expanding, and the oversold indicators are dulling, indicating a very strong short-term bearish trend. Operation suggestion: You can short near the rebound at 390-420, first target 350, then 300. If it breaks below 300, it may extend to 260. Please strictly maintain your stop-loss.
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12.01 Latest Analysis of ZEC Afternoon Market
The current price of ZEC is in the range of 355-375, showing a collapse-like downward trend:
The 4-hour giant bearish candle has broken away from the lower Bollinger Band, accompanied by panic selling and a long squeeze;
The moving averages are in a bearish arrangement, the MACD green bars are expanding, and the oversold indicators are dulling, indicating a very strong short-term bearish trend.
Operation suggestion: You can short near the rebound at 390-420, first target 350, then 300. If it breaks below 300, it may extend to 260. Please strictly maintain your stop-loss.