Hello everyone, I'm Qi He, talking through charts! Doesn't the 4-hour chart of ZEC look like something big is about to happen?
First, let's look at the news:
Rhea Finance suddenly announced that ZcashFi is online. What does it mean? It means that the ZEC you hold can not only wait for the price to rise but can also be used to 'borrow money to generate eggs', with a maximum annual yield of 2%. It's like your old hen has suddenly been announced to lay golden eggs as well—once practicality increases, demand may be ignited. But remember, when good news hits, it's often because someone has already positioned themselves ahead of time.
Looking at the technical chart again:
Current price is 428.67, up 10 points in one day, MACD shows a golden cross above the 0 axis, clearly indicating short-term bullish dominance. I’ve marked a few key positions on the chart for you: the first major resistance above is 450, and further up at 490 is the previous high pressure; below, 400 is a key psychological level, and 350 is strong support.
So the question arises: Can it surge up to touch 450 tonight? Or will it turn around and drop to 420 or even 300?
As a player, what should you do now?
If you are an aggressive short-term player: You can lightly position for a rebound when the price pulls back to the 420-425 area and a small level support signal appears, targeting 445-450.
If you are a conservative holder: If you have coins, don't get excited and chase highs. You can take advantage of the surge to the 445-450 area to appropriately reduce some positions and lock in part of the profits.
My viewpoint is very clear, let me break it down for you:
The rise has conditions: The current momentum is good, but the 450 position is a dual pressure zone of previous trapped positions and profit-taking. To break through at once, sustained volume is needed. Relying solely on news stimuli may only provide enough strength to probe, not to establish stability.
The decline has a bottom line: To say it will directly crash to 300, unless the market suddenly collapses or a black swan event occurs, the probability is very low. A more realistic retracement position is first around 420, then the key level of 400. If 400 is broken, then one should be cautious and look for support at 350.
I am Qi He, not playing games, only talking about what you can understand and use. Follow me, tonight's updates will be provided in another place where I will give clearer signals and that overlooked key detail. There are always opportunities in the market, but the premise is that you must first protect yourself.
