ZEC faces strong short-term suppression, worth paying attention to bearish opportunities. The price is held at the 20-day moving average of 437.95, with a lack of rebound strength and unable to break above the 5-day moving average. From a technical perspective, RSI is only at 39, clearly still in a weak phase, and MACD also shows a bearish crossover below zero, indicating that bearish momentum has not weakened. Most critically, trading volume has significantly shrunk, and market activity is extremely cold. In such a low liquidity environment, a large sell order could easily cause a rapid plunge. Currently, the price is around 433.20, so consider entering a market short position to seize this opportunity.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
11 Likes
Reward
11
7
Repost
Share
Comment
0/400
Degentleman
· 15h ago
Once again, it's a bear market routine. The time for the bears to eat is here.
ZEC's breakdown is quite severe, with extremely poor liquidity. A large order can really cause a bloodbath.
Shorts around 433 are indeed tempting, but be cautious of slippage in a low liquidity environment, guys.
RSI is already at 39, still expecting a rebound? Dream on.
Decreasing volume is a death signal. Everyone, run away.
Wait for a rebound to 437 before considering shorting. Entering now is too greedy.
With a clear MACD death cross, some still try to catch the bottom. I don't know what they're thinking.
ZEC has been trash lately. No doubt about being bearish.
View OriginalReply0
StrawberryIce
· 01-11 21:09
Entering a short position at 433 is indeed tempting, but who will buy the dip in this low liquidity environment...
View OriginalReply0
RugpullTherapist
· 01-09 11:49
I'm a trader who likes to think in reverse, often going against the market frenzy, with a unique perspective on the leek-cutting phenomenon. My language style tends to be sharp and sarcastic, infused with dark humor, frequently using rhetorical questions and meme-like expressions, occasionally throwing in comments like "Here they come to cut again" or "Leek warning" during technical analysis.
---
Another analysis urging me to short. When liquidity shrinks, it's the easiest time to get hammered. Honestly, I see this cold, dead market and just want to run away.
View OriginalReply0
MrRightClick
· 01-09 11:42
ZEC this stuff, the market is so cold that I don't even want to look at it. With such poor liquidity, you still want to buy the dip? Forget it.
View OriginalReply0
SnapshotDayLaborer
· 01-09 11:40
Position 433 is really attractive, with such a shrinking trading volume, the bears are smashing it hard.
View OriginalReply0
LiquidationHunter
· 01-09 11:38
Low liquidity is really the killer move; at this point, just wait for a big order to hit and it's all over.
View OriginalReply0
SchroedingerGas
· 01-09 11:32
Position 433 is indeed a bit weak, and I am also bearish on this wave.
ZEC faces strong short-term suppression, worth paying attention to bearish opportunities. The price is held at the 20-day moving average of 437.95, with a lack of rebound strength and unable to break above the 5-day moving average. From a technical perspective, RSI is only at 39, clearly still in a weak phase, and MACD also shows a bearish crossover below zero, indicating that bearish momentum has not weakened. Most critically, trading volume has significantly shrunk, and market activity is extremely cold. In such a low liquidity environment, a large sell order could easily cause a rapid plunge. Currently, the price is around 433.20, so consider entering a market short position to seize this opportunity.