On December 22, #以太坊行情解读 , the performance of ZEC actually reflects an interesting phenomenon. The line at 470 has been attempted to be突破多次, but each time it has been pushed back. It seems that this has become a steel gate, and the strength of the long positions trying to break upwards is clearly weakening.
In simple terms, before the price stabilizes at this key level, the strength of the rebound is bound to be limited. Therefore, in the short term, the market is highly likely to first rise sharply and then turn back for adjustment. Rather than stubbornly sticking to a long positions mindset, it is better to align with the trend and consider a short positions strategy.
Technical advice: Consider entering the market when there is a rebound to the range of 460-475, with support near the target of 430-425 below.
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.
8 Likes
Reward
8
4
Repost
Share
Comment
0/400
SolidityStruggler
· 9h ago
This hurdle at 470 is really stuck, the long positions indeed have no strength this time.
I also have a good outlook on the bearish side, it's time to take action when it rebounds to over 460.
View OriginalReply0
ShadowStaker
· 9h ago
ngl, 470 being rejected that many times does smell like serious seller pressure. but honestly? the validator attrition angle nobody's talking about... market structure's only half the story here. client diversity implications of these moves hit different when you zoom out on network topology. anyway, short-term shorts make sense if resistance holds like that.
Reply0
GasFeeCrybaby
· 9h ago
This hurdle is really tough, the long positions have no chance, haha.
View OriginalReply0
RugPullSurvivor
· 9h ago
470 is really a tough hurdle, watching the long positions being pushed back time and again is a bit painful... It's better to listen to the analysts, for now, just obediently wait for the Rebound to enter short positions above 460.
On December 22, #以太坊行情解读 , the performance of ZEC actually reflects an interesting phenomenon. The line at 470 has been attempted to be突破多次, but each time it has been pushed back. It seems that this has become a steel gate, and the strength of the long positions trying to break upwards is clearly weakening.
In simple terms, before the price stabilizes at this key level, the strength of the rebound is bound to be limited. Therefore, in the short term, the market is highly likely to first rise sharply and then turn back for adjustment. Rather than stubbornly sticking to a long positions mindset, it is better to align with the trend and consider a short positions strategy.
Technical advice: Consider entering the market when there is a rebound to the range of 460-475, with support near the target of 430-425 below.
$BTC $ETH $ZEC