$ZEC
Overhead resistance is layered upon layered—can the downside room open up further?
After an initial round of strong rallying, the market has clearly entered a pullback cycle. Over the past 7 days, the decline has exceeded 15%. Many friends ask whether it’s possible to enter here to catch the next leg up.
From the hourly chart, the price action shows a step-like downward movement. The rebound lacks sufficient volume; overall sentiment remains weak. Resistance overhead stacks up layer after layer. Until a substantive breakout on increased volume appears, all rebounds at this stage can only be viewed as a kind of repair within the ongoing correction. Follow the trend—when the market rebounds, it’s also providing room to look at the downside. Personally, I’m more inclined to seek a bearish setup that looks for rejection on rebounds!
Plan: On the rebound between 1330–1350, accumulate in batches. Target 1280; if there’s a high-volume breakdown, look for 1240
#ZEC/USDT
Overhead resistance is layered upon layered—can the downside room open up further?
After an initial round of strong rallying, the market has clearly entered a pullback cycle. Over the past 7 days, the decline has exceeded 15%. Many friends ask whether it’s possible to enter here to catch the next leg up.
From the hourly chart, the price action shows a step-like downward movement. The rebound lacks sufficient volume; overall sentiment remains weak. Resistance overhead stacks up layer after layer. Until a substantive breakout on increased volume appears, all rebounds at this stage can only be viewed as a kind of repair within the ongoing correction. Follow the trend—when the market rebounds, it’s also providing room to look at the downside. Personally, I’m more inclined to seek a bearish setup that looks for rejection on rebounds!
Plan: On the rebound between 1330–1350, accumulate in batches. Target 1280; if there’s a high-volume breakdown, look for 1240
#ZEC/USDT
