ZEC has recently shown weak performance, with multiple moving averages already broken below, indicating clear technical signals. From the pressure level around 500, the price has entered a definite downtrend channel, currently trading near 380.
For trading strategies at this level, consider taking a light short position. If entering at the rebound point from the previous high, using 2x leverage and setting the stop loss above the previous high is relatively reasonable. Even if a rebound occurs later, given the current trend strength, the likelihood of breaking the previous high is not high.
For traders who have not yet entered, there is still an opportunity around 380 to gradually establish short positions with 1-1.5x leverage. The overall market style is leaning towards shorting, and for large-cap assets like ZEC that have experienced significant gains previously, the downside potential during a downtrend is often more promising. Market sentiment and capital support continue to favor bears, making the profit potential for short positions more apparent at this stage.
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SmartContractRebel
· 12h ago
Those who bought the dip are probably all trapped now. ZEC's recent drop really has no mercy.
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ProofOfNothing
· 01-10 12:50
zec this wave is indeed a bit fragile, it hurts to watch, but the short position has a decent profit potential.
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Deconstructionist
· 01-10 12:49
Forget it, it's better not to touch this ZEC crap anymore. What's the difference between 380 and 300? Same old behavior, sell on rebound.
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LiquidityWitch
· 01-10 12:48
the alchemy's brewing... zec's hitting that cursed downtrend hard, yeah? watched the liquidation sacrifices pile up around 500, now we're dancing in the dark pools near 380. shorting this feels less like trading and more like reading tea leaves at this point—mystical signals pointing one direction only. the forbidden strats are whispering 🔮
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GasGoblin
· 01-10 12:39
Oh no, ZEC this time really underperformed, couldn't even hold 500, short positions definitely should have been entered.
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BearMarketLightning
· 01-10 12:31
Short position bottom fishing, this wave ZEC is really done for. The moving averages are all broken, so you know there's no hope.
ZEC has recently shown weak performance, with multiple moving averages already broken below, indicating clear technical signals. From the pressure level around 500, the price has entered a definite downtrend channel, currently trading near 380.
For trading strategies at this level, consider taking a light short position. If entering at the rebound point from the previous high, using 2x leverage and setting the stop loss above the previous high is relatively reasonable. Even if a rebound occurs later, given the current trend strength, the likelihood of breaking the previous high is not high.
For traders who have not yet entered, there is still an opportunity around 380 to gradually establish short positions with 1-1.5x leverage. The overall market style is leaning towards shorting, and for large-cap assets like ZEC that have experienced significant gains previously, the downside potential during a downtrend is often more promising. Market sentiment and capital support continue to favor bears, making the profit potential for short positions more apparent at this stage.