Recently, ZEC's performance has been quite interesting. Before chasing this rebound, you need to first figure out how high it can go.



From a macro perspective, the price is still within that oscillating range, currently stuck at the upper band. From a structural point of view, the rebound is an opportunity, but a more prudent approach is to wait for it to bounce again and then short, which aligns better with the overall trend.

The smaller timeframe perspective is quite intriguing. This rebound candle has good quality, and the bullish signals are quite strong. The upward target can be focused around the 534 level.

Reaching 534 is basically about the limit. If it continues to surge, it would be aiming for the previous high. But honestly, given ZEC's current size and market heat, whether it can reach that previous high is still uncertain. Moving too quickly might just lead to getting trapped.
ZEC10,29%
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ValidatorVikingvip
· 12-27 07:53
ngl zec's been hitting that 534 zone like a siege wall, but the real question is whether it's got the stamina to hold... network fundamentals ain't exactly screaming bullish here, and we all know what happens when hype meets reality. fair warning tho, chasing every bounce is how you end up slashed.
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PaperHandsCriminalvip
· 12-27 07:48
534? I bet five bucks I can't do it; ZEC's size really makes it hard to handle.
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0xSleepDeprivedvip
· 12-27 07:45
Position 534 is stuck. Going up again depends on whether the market enthusiasm is enough.
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FreeMintervip
· 12-27 07:35
I'm also watching the 534 level, but I always feel that ZEC's rebound lacks momentum. Wait, are you being a bit too greedy with the shorting opportunity? It's easy to get cut. Can ZEC reach the previous high? I think it's doubtful; the market enthusiasm really can't be sustained. I agree that the rebound's support levels are solid, but don't get carried away. The probability of the 534 top is higher; going higher would be gambling mentality.
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GasFeePhobiavip
· 12-27 07:25
This point at 534 is probably the ceiling; going higher would just be gambling mentality.
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