From a technical perspective, ZEC currently exhibits a bearish overall pattern. Both the structure and fundamentals point to a continued downward trend.

Strategically, we adopt a cautious approach—our last rollover resulted in a 40-point loss on this coin, so this time we have learned our lesson. The principle of not adding to losing positions is maintained, using narrow stop-losses to test the waters. As for when to roll over again, it entirely depends on the strength of the rebound.

From a key level perspective, once the decline wave and the bullish-bearish switch boundary are broken, the height of the rebound is estimated to reach the middle band of the 4-hour Bollinger Bands, which is basically the ceiling.

Based on this judgment, shorting in the 462-468 range is a good opportunity. The stop can be set with 20-30 points of space. The target is aligned with the previous low, around 380. Once the opportunity presents itself, it can be entered.