Looking at the four-hour chart of ZEC, the price has been oscillating within the 420-380 range, with particularly strong selling pressure near 420. From a technical perspective, the RSI has entered the overbought zone, and although the KDJ is still rising, it is about to top out. This combination of signals generally indicates a potential pullback.
In simple terms, it is more appropriate to short around the 420-430 level, provided that strict stop-losses are set. The target below is around 390-380, where support is relatively clear.
This is just a personal idea; everyone's risk tolerance is different. For reference only, be sure to control your position size and risk when operating.
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ChainSauceMaster
· 13h ago
The 420 level is indeed under a lot of pressure, I'm also waiting for a pullback.
The RSI overbought signal seems quite obvious, stop-loss must be set properly.
It's not a good idea to chase ZEC this wave, let's wait until 380 to see.
Short at 420-430? The risk is too high, I don't dare to go in.
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CommunitySlacker
· 13h ago
That selling pressure at 420 is really crazy; once again, I'm getting caught in a trap.
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EntryPositionAnalyst
· 13h ago
420 Nakan'er indeed has strong selling pressure. I also noticed this signal; the RSI overbought combined with the KDJ top indicates that a correction is coming soon.
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GasSavingMaster
· 13h ago
The pressure around 420 is indeed quite high. The overbought RSI signal still needs to be taken seriously.
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TokenomicsPolice
· 13h ago
Position 420 is indeed under a lot of pressure, but I'm more concerned about what to do if it doesn't drop below 420.
Wait, RSI is overbought and KDJ is peaking; I've seen this combo produce too many false signals.
Can 390-380 really hold? I have quite a few positions; I need to step back and take a breather now.
Looking at the four-hour chart of ZEC, the price has been oscillating within the 420-380 range, with particularly strong selling pressure near 420. From a technical perspective, the RSI has entered the overbought zone, and although the KDJ is still rising, it is about to top out. This combination of signals generally indicates a potential pullback.
In simple terms, it is more appropriate to short around the 420-430 level, provided that strict stop-losses are set. The target below is around 390-380, where support is relatively clear.
This is just a personal idea; everyone's risk tolerance is different. For reference only, be sure to control your position size and risk when operating.