Looking at the 4-hour chart for ZEC, the downtrend that started in the middle of last month hasn't really stopped. This recent surge? Honestly, it looks more like a weak rebound. The daily chart did record three consecutive green candles, but the momentum is clearly lacking, and the overall trend is still bearish.
At this level, it’s actually a window of opportunity to set up short positions. Personally, I would consider entering shorts in batches around the 400 and 420 zones. For downside targets, first look at the support around 330; if that breaks, 300 is not out of the question.
#美联储重启降息步伐 Given the current technical setup, you need to be cautious about the possibility of a bull trap from this rebound.
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governance_ghost
· 12-05 12:30
I've seen this bull trap trick too many times; this ZEC rebound is indeed weak.
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rugdoc.eth
· 12-05 06:45
I agree with the weak rebound part. If 330 can't be broken, then it's worth paying attention to. But going short at 400 is a bit too greedy, isn't it?
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BearMarketBuyer
· 12-05 06:44
They dare to pump on such a weak rebound, I’m so damn tired of this trick. Should I try shorting one lot at 400 to test the waters?
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DuskSurfer
· 12-05 06:41
A weak rebound trying to lure me in? Not falling for it. I'm watching that 330 line—only if it drops below will it be a real opportunity.
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NFT_Therapy_Group
· 12-05 06:41
What to play in a weak rebound? Better to wait for a more definite signal.
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I've seen this short squeeze trick many times; feels like ZEC is going to consolidate a bit longer.
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You really need to watch that 330 line, or you could easily get trapped.
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Shorting at 400? That's pretty bold, I'm still on the sidelines.
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Honestly, this rally isn't very convincing. I feel the same as you.
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Noted the warning about a rebound trap. It's always right to be cautious.
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If the 330 support breaks, it really is dangerous, but it's still uncertain for now.
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Scaling into shorts sounds good, but the key is to control risk.
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Another weak rebound, this rhythm just feels uncomfortable to watch.
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MagicBean
· 12-05 06:31
Weak rebound with repeated fluctuations. Once 330 is broken, there's no hope. The short-selling window has indeed arrived.
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MetaMisery
· 12-05 06:30
They dare to pump the price on just a weak rebound—I've seen this trick too many times. Just set your stop loss on your short position and that's it.
Looking at the 4-hour chart for ZEC, the downtrend that started in the middle of last month hasn't really stopped. This recent surge? Honestly, it looks more like a weak rebound. The daily chart did record three consecutive green candles, but the momentum is clearly lacking, and the overall trend is still bearish.
At this level, it’s actually a window of opportunity to set up short positions. Personally, I would consider entering shorts in batches around the 400 and 420 zones. For downside targets, first look at the support around 330; if that breaks, 300 is not out of the question.
#美联储重启降息步伐 Given the current technical setup, you need to be cautious about the possibility of a bull trap from this rebound.