ZEC has already plummeted 60% from its peak, and the bears are definitely enjoying hefty profits.
But don’t expect it to hit bottom all at once. In a bear market, ZEC might only be worth a few dozen USD, and the bubble is still quite obvious, but any asset needs to catch its breath after a big drop.
The question now is: at what level will the rebound occur?
The daily EMA is a key reference—during major trends, it acts as both support and resistance. Keep a close eye on the EMA around 460; combined with the strength and structure of the candlesticks at that time, it’s likely to be the starting point for the next smooth downward move.
No rush to short—wait for the rebound to come to you.
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BearWhisperGod
· 7h ago
A 60% drop sure feels good, but this guy is right—you still have to see if 460 can hold. If it can't, any rebound is pointless.
Wait for the rebound to hit again; greed is the real enemy.
The EMA at this level is really something, gotta keep a close eye on it.
Bears should just be lying back right now—don't rush to bottom-fish those garbage rebounds.
A few dozen bucks? Ha, in this bear market, ZEC is probably going to keep breaking down—just waiting for it.
The timing on this move is pretty good. If 460 rebounds, that's a new short entry. Let's just wait.
Even though the bubble is big, it's still holding on for now. The scale of the rebound is actually the best gift for entering short positions.
Don't be fooled by the rebound—it's just the last gasp before another drop. See you at 460.
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MetaNomad
· 12-05 06:38
That key level at 460 really has to hold; the probability of a direct drop after a rebound to this point is too high.
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airdrop_huntress
· 12-05 06:32
That key level at 460 must be held; the rebound is failing right here. The bears still have a chance.
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SpeakWithHatOn
· 12-05 06:25
We really need to hold the 460 level; once the rebound comes, it’ll be time to close short positions.
The bears haven’t taken their last bite yet.
The EMA resistance point is spot on, just need to see if the candlestick can break through.
With ZEC dropping this much, the rebound will come quickly, so don’t be too greedy with short positions.
A target of dozens of dollars seems a bit unrealistic; it hasn’t reached that even after such a long bear market.
Wait for the rebound before entering new shorts—that’s the safest strategy.
ZEC has already plummeted 60% from its peak, and the bears are definitely enjoying hefty profits.
But don’t expect it to hit bottom all at once. In a bear market, ZEC might only be worth a few dozen USD, and the bubble is still quite obvious, but any asset needs to catch its breath after a big drop.
The question now is: at what level will the rebound occur?
The daily EMA is a key reference—during major trends, it acts as both support and resistance. Keep a close eye on the EMA around 460; combined with the strength and structure of the candlesticks at that time, it’s likely to be the starting point for the next smooth downward move.
No rush to short—wait for the rebound to come to you.