9.18 ZEC Analysis
On the ZEC hourly timeframe, it broke out of an independent impulsive surge and pushed up to 1533, then faced pressure and pulled back. Price retraced from the upper Bollinger Band back toward the midline. After the Bollinger Bands widened, they gradually began to converge, and short-term bullish momentum quickly decayed. In the order book, buy-side demand is slightly dominant. The core driver behind this round of上涨 (rally) was that expectations of regulatory-bill downside risk were disproven: the stringent regulation that the market had priced in in advance did not materialize. In addition, as ZEC is a small-cap privacy coin with scarce circulating supply, funds of speculators seized the moment to trigger an independent impulsive move. Even though the broader market is still choppy, ZEC still managed to rally on its own. However, in essence, the move is event-driven sentiment trading rather than a trend reversal. There is heavy sell pressure overhead, so the strategy is mainly to look for shorting opportunities on bounces (反弹试空). Keep positions tightly controlled, strictly enforce take-profit and stop-loss, and be alert to the possibility of a sharp sell-off caused by rapid capital outflows.
Trading recommendation: 1485-1520; range: 1440-1300.$BTC $ETH #香港拟年底前推出批发CBDC
On the ZEC hourly timeframe, it broke out of an independent impulsive surge and pushed up to 1533, then faced pressure and pulled back. Price retraced from the upper Bollinger Band back toward the midline. After the Bollinger Bands widened, they gradually began to converge, and short-term bullish momentum quickly decayed. In the order book, buy-side demand is slightly dominant. The core driver behind this round of上涨 (rally) was that expectations of regulatory-bill downside risk were disproven: the stringent regulation that the market had priced in in advance did not materialize. In addition, as ZEC is a small-cap privacy coin with scarce circulating supply, funds of speculators seized the moment to trigger an independent impulsive move. Even though the broader market is still choppy, ZEC still managed to rally on its own. However, in essence, the move is event-driven sentiment trading rather than a trend reversal. There is heavy sell pressure overhead, so the strategy is mainly to look for shorting opportunities on bounces (反弹试空). Keep positions tightly controlled, strictly enforce take-profit and stop-loss, and be alert to the possibility of a sharp sell-off caused by rapid capital outflows.
Trading recommendation: 1485-1520; range: 1440-1300.$BTC $ETH #香港拟年底前推出批发CBDC
