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Recently, ZEC has been attempting to break through around 530, but ultimately failed to hold steady and has returned to the previous range of oscillation.
From a technical perspective, if the closing price falls below the support line at 488, it is highly likely to test the bottom around 450-470. This level is quite critical; if it also cannot hold, the structure may truly be broken.
Currently, the only bullish expectation is that after completing a sweep of liquidity in the area with good trading volume, the price can be pushed back up. But in reality, once a downward breakthrough occurs, the correction phase often prolongs.
Looking at the market rhythm, ZEC's performance in recent days has been repeatedly testing investors' patience. To seize this wave of market movement, the key is to position precisely. Many people are now somewhat unclear about the direction and unsure whether to chase. The core strategy is: either wait for a rebound to the 530 level and decisively reduce positions, or wait for confirmation that 488 will not be broken before considering adding. No need to rush.