ZEC is currently hovering around 432. After continuous weakness during the night session, although the early session entered a technical correction zone, the overall trend reversal signal is still not clear enough.
From the market structure perspective, the bears still hold the dominant position. This rebound is essentially a correction; many investors rushed in after the panic emotions subsided. However, such a situation is most likely to form a trap for false signals—everyone is waiting for a rebound, which makes the rebound more prone to failure.
Be aware of key levels. The range between 438 and 445 above is the first layer of selling pressure during the rebound. If it cannot break through, caution is advised; the real strong resistance zone is at 455. Until it stabilizes there, the trend reversal cannot be confirmed. Looking downward, 420 is a support line, and further down, 405 is an even stronger support.
How to operate? The position around 430 is a bit awkward; chasing longs or shorts is not very wise. Wait for the rebound to reach the resistance zone before considering short positions. If it directly breaks below 420, follow the bearish logic and continue to short without hesitation.
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gas_fee_trauma
· 01-11 05:47
The trap of false rebounds is here again, this time I really won't chase it
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Position 430 is indeed awkward, I choose to keep watching
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Breaking below 420 and turning into a short position, I can accept this logic
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It's either a correction or a trap, it's giving me a headache
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Wait for 455, entering now is too early
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The bears are still controlling the market, all rebounds are fake
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The key level at 420 must hold, everyone
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In the early trading session, I won't look at the market directly
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Whether this rebound can stabilize at 455 is the real focus
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False rebounds are becoming a disaster, I'll avoid it for now
View OriginalReply0
ParanoiaKing
· 01-11 04:17
The trap of false bullish signals is happening one after another. I think I'll wait and see for now.
View OriginalReply0
MetaverseMortgage
· 01-10 08:42
I dodged that bull trap, holding steady at 420 without moving.
View OriginalReply0
UnluckyMiner
· 01-09 20:05
It's the same old trick of诱多, really annoying
Wait, once 420 breaks, let's just go short
430 is really uncomfortable, can't do anything
A rebound to 445 and then crash, that's it, stable
This wave of recovery is basically a playground for bagholders
Don't even think about a reversal before 455, just a dream
View OriginalReply0
ShortingEnthusiast
· 01-09 04:54
The trap of false bullish signals is so real; let's just wait and see who gets caught.
View OriginalReply0
wagmi_eventually
· 01-09 04:52
The trap of诱多 is really clever; everyone is waiting for a rebound, but a rebound will only lead to death.
View OriginalReply0
GasFeeSobber
· 01-09 04:46
The trap of false bullish signals is really incredible this time. Once 420 breaks, we'll directly follow the bears with no hesitation.
View OriginalReply0
ChainDetective
· 01-09 04:39
The trap of诱多 is indeed hard to avoid. Let's wait until 455 stabilizes before discussing.
View OriginalReply0
CommunityLurker
· 01-09 04:38
The trap of诱多 is indeed a bit disgusting this time. I will just relax after dropping to 420.
ZEC is currently hovering around 432. After continuous weakness during the night session, although the early session entered a technical correction zone, the overall trend reversal signal is still not clear enough.
From the market structure perspective, the bears still hold the dominant position. This rebound is essentially a correction; many investors rushed in after the panic emotions subsided. However, such a situation is most likely to form a trap for false signals—everyone is waiting for a rebound, which makes the rebound more prone to failure.
Be aware of key levels. The range between 438 and 445 above is the first layer of selling pressure during the rebound. If it cannot break through, caution is advised; the real strong resistance zone is at 455. Until it stabilizes there, the trend reversal cannot be confirmed. Looking downward, 420 is a support line, and further down, 405 is an even stronger support.
How to operate? The position around 430 is a bit awkward; chasing longs or shorts is not very wise. Wait for the rebound to reach the resistance zone before considering short positions. If it directly breaks below 420, follow the bearish logic and continue to short without hesitation.