The market is indeed difficult to navigate right now. Even trader Eugene said, 'Hellish difficulty continues for another week.' But during such times, it's even more important to remain calm and see the situation clearly. I just analyzed the 1-hour chart of ZEC and found some key signals.
Technical aspects:
The current price of ZEC is 357 USD, and there is a key support zone on the 1-hour chart: 345-346 USD. This position has repeatedly supported the price, indicating that funds are defending it. The upper pressure is around 365 USD, and once it breaks through here, the space will open up.
From the hang order data, there are dense buy orders around 345 USD. Although the commission ratio is negative, large transactions are concentrated in the 345-346 range, indicating that substantial funds are quietly accumulating at this position.
News:
Trader Eugene mentioned that 'even excellent traders are being repeatedly harvested,' which indicates that the market is approaching a phase bottom. Historically, every time such an extreme situation occurs, a rebound is often not far away.
As an established privacy coin, ZEC has not seen significant capital outflow amid recent regulatory pressures, indicating that its value logic still holds.
My trading suggestions
Short-term traders: If ZEC bounces back in the 348-350 range without breaking, you can try going long with a small position, setting a stop loss below 345, and targeting 362-365.
Medium-term layout: After stabilizing above 360, you can gradually increase your position, with the first target at 375 and the second target at 390.
Risk control first: The position of a single operation should not exceed 10% of the principal; never hold onto losing positions.
The more panic in the market, the more you need to stay clear-headed. If ZEC can hold the key support this time, it could likely become a leader in the rebound. Want to get my real-time trading signals instantly? I will share 3 key levels every day in the channel to help you avoid traps and seize opportunities.
Remember: Bull markets are born in pessimism and grow in skepticism. What you need to do now is not to be afraid, but to prepare your ammunition and wait for the wind! I am Jin Min from the cryptocurrency circle, follow me for tips on how to seize this market opportunity!
