ZEC daily chart review: Yesterday, it precisely touched the MA120 for support and then initiated a correction. The rebound was strong, but caution is needed regarding the resistance from the MA60 above. More importantly, the MACD has already formed a death cross above the zero line, indicating that the short-term rebound momentum is weakening. Recommendation: If ZEC rebounds close to the 500 level, do not rush to chase higher; the real entry opportunity should wait for the next correction, with a target around 350 before considering a position. From a technical perspective, patience is still required to wait for a better entry point.
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gas_fee_therapist
· 19h ago
It's the same thing again and again, how many times has this cycle repeated?
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POAPlectionist
· 01-12 02:47
A death cross has occurred. I thought it might rally, but it looks like I still have to wait for the 350 dip.
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FlatTax
· 01-11 02:43
A death cross followed by a rebound; this market indeed requires patience.
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TheShibaWhisperer
· 01-09 11:50
Still want to chase after the death cross? Wait until it hits 350, don't follow the trend and send money at 500.
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FancyResearchLab
· 01-09 11:49
Another MA120 Savior plot, theoretically feasible, but this guy's MACD death cross is already in progress, and Luban No.7 is starting to act up again.
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MoneyBurner
· 01-09 11:46
A death cross and still rebounding? I've seen this trick too many times, and in the end, it's always a death sentence.
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OneBlockAtATime
· 01-09 11:46
The death cross has occurred. This rebound is just a trap... Let's wait until 350 to see.
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ImpermanentPhobia
· 01-09 11:41
Still daring to rebound after a death cross, really can't hold on anymore haha
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TokenToaster
· 01-09 11:38
Wait, the death cross has already appeared, and you're still talking about a rebound? Isn't this just a trick?
ZEC daily chart review: Yesterday, it precisely touched the MA120 for support and then initiated a correction. The rebound was strong, but caution is needed regarding the resistance from the MA60 above. More importantly, the MACD has already formed a death cross above the zero line, indicating that the short-term rebound momentum is weakening. Recommendation: If ZEC rebounds close to the 500 level, do not rush to chase higher; the real entry opportunity should wait for the next correction, with a target around 350 before considering a position. From a technical perspective, patience is still required to wait for a better entry point.