ZEC analysis on December 22: The multiple attempts to break through the 470 level have not been successful, indicating that a clear strong resistance has formed in this area. Currently, the upward momentum has significantly weakened, and until the price can hold above this position, it will be difficult for long positions to organize an effective counterattack. Therefore, the market is more likely to rise and then fall back in the short term, entering an adjustment phase. In the context of unsuccessful breakthroughs, it is recommended to adopt a short-term bearish approach in trading.
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ZEC analysis on December 22: The multiple attempts to break through the 470 level have not been successful, indicating that a clear strong resistance has formed in this area. Currently, the upward momentum has significantly weakened, and until the price can hold above this position, it will be difficult for long positions to organize an effective counterattack. Therefore, the market is more likely to rise and then fall back in the short term, entering an adjustment phase. In the context of unsuccessful breakthroughs, it is recommended to adopt a short-term bearish approach in trading.
ZEC suggestion: Enter short-term positions around the rebound to 460-475, with a target around 430-425.
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