In the current 4-hour chart, the ZEC price is at 528, showing extreme weakness. The bearish trend is very strong, with the price accelerating downward and having significantly broken below the lower Bollinger Band, while the Bollinger Band channel is sharply opening downward, indicating an exceptionally fierce downward momentum; the MACD histogram is at a very negative value and is very long, showing that the current short-selling momentum is strong and shows no signs of slowing down. Although the market is in an extremely oversold state, which could trigger a technical rebound at any time, it is important to note that in a strong decline, the KDJ may easily enter an oversold zone and become dull, so it is not advisable to only rely on this for bottom-fishing.

In terms of operation, it is recommended to short at highs in the range of 535-550, with a stop-loss set above 580, targeting 485-510.

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