【$ZEC Signal】No Position + Weak rebound in a downtrend

$ZEC In a long-term downtrend, experiencing a weak rebound, with price suppressed below EMA20 (234.05), the overall structure remains bearish.

🎯 Direction: No Position (NoPosition)

Market analysis: 4H timeframe, after a volume-driven decline from the high of 239.71, the rebound is weak, with minimal buying absorption signs. Although the latest candlestick closed bullish, volume has decreased, and the buy/sell ratio is only 0.55, indicating insufficient bullish momentum.

Logical core: Key resistance at EMA20 (234.05) and Fibonacci 0.236 retracement level (~235) resonate, forming a strong resistance zone. The price has failed to break above this area effectively, indicating bears still dominate.

Depth data shows the sell wall (226.84-226.93) is significantly thicker than the buy wall, with heavy selling pressure above. Open interest remains stable, funding rates are slightly positive, and there are no signs of short squeeze or large-scale distribution by major players, indicating a bearish decline mode.

RSI (40.13) is in a weak zone, not oversold, leaving room for further downside. ATR (7.37) indicates volatility is moderate, but current price action lacks clear bottom reversal structures or strong buying absorption signals.

Trading plan: Wait for clearer signals from price action. If a strong rebound breaks above and stabilizes above EMA20 (234.05), accompanied by increasing open interest and improving buy/sell ratio, consider trend reversal long positions. If the price consolidates at the current level and breaks below the recent low of 222.44, the downtrend continues, and look for shorting opportunities on rebounds. The current risk-reward ratio is unclear; the best strategy is to stay on the sidelines.

Trade here 👇 $ZEC

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