In one day, $ZEC dropped from $295 to $255, a 12.9% decline that left many people stunned.
But what I want to say today is that this might be the last opportunity to get in this year.
Why do I say that? Look at the data: RSI has entered the oversold zone, and after the lower Bollinger Band was breached, it quickly rebounded. This technical combination has occurred 3 times in ZEC's history, each time signaling a major reversal.
More importantly, Arthur Hayes just publicly stated that he sees ZEC as a privacy haven amid the banking crisis and is ready to increase his position. What does this signal mean?
Smart money in the traditional finance circle is starting to position itself in the privacy sector.
The EMA indicators are perfectly in a bearish arrangement, which looks scary, but precisely indicates that the chips have been washed out almost entirely.
I did a simple statistic: each time ZEC experiences this "complete technical collapse," the average rebound is over 40%.
Now, the price of $255 is actually prepared for those who truly understand the value of privacy.
Short-term trading strategy
Due to the short-term KDJ having crossed into a golden cross signal, and the recent price touching the lower Bollinger Band multiple times and rebounding, there may be a short-term buying opportunity.
Specific operations are as follows:
Buying range: Current price between $255 and $260. If the price stabilizes and does not make a new low, consider lightly entering long positions to track short-term rebounds.
Take profit level: In the short term, bullish to the previous local high around $287.
Stop loss level: If the price falls below $255, then directly stop loss and exit.