After finishing my meal, I stared at the ZEC candlestick chart for a while, and the more I thought about it, the more I felt there might be some insights in this wave of market movement.



To be honest, ZEC has been quite aggressive recently. The current quote is around $509.65, and the RSI indicator shows 58.9. From this value, it hasn't entered the overbought zone yet, which means there could still be room for further upward movement. Market sentiment has also been good lately, with bullish enthusiasm clearly on the rise.

Let's analyze it from a technical perspective. The support level remains steady at $494.36, the resistance above is at $524.94, and the key breakout level is at $519.84. The RSI at 58.9 is very critical, indicating that buying momentum is still ongoing without signs of overextension. Recent trading volume also shows strong absorption, all pointing to the bulls still exerting strength.

My personal view is this: I will continue to observe the current position. Once there is a clear breakout above $519.84, I will consider adding to my position cautiously. Conversely, if the price falls below the support at $494.36, I will cut losses decisively, as risk management always comes first.

Overall, the outlook for ZEC remains promising. Short-term fluctuations are normal; the key is to stay aligned with the main trend. What do you all think about this level? Do you have any ideas you'd like to share?
ZEC-4,68%
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GateUser-4745f9cevip
· 01-08 22:11
519.84 is really the decisive point; breaking through it means soaring, while failing to break might mean taking a stop-loss.
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AirdropJunkievip
· 01-08 10:52
519.84 is indeed a pretty tight position, but honestly, I'm more concerned about whether the trading volume truly continues.
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SelfSovereignStevevip
· 01-06 11:58
519.84 That level is really crucial; once broken through, there's a chance.
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LostBetweenChainsvip
· 01-06 11:57
519.84 If it can't break through, still have to wait. The RSI at this level really has no fake signals.
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CommunityJanitorvip
· 01-06 11:39
Watching the market so intently that I forgot to eat, ZEC's move is actually quite interesting this time Buy in at 519.84 when it breaks through, sell out at 494 when it breaks below, this logic has no flaws
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