Recently, when the night trading session just started, I noticed that the rhythm of ZEC has changed significantly. To be honest, after so many years of watching the market, few coins have given me this feeling.

Currently, ZEC is quoted at $483.30, and the RSI has already fallen to 37.9, firmly in the oversold zone. This retracement and consolidation look interesting, but I think it might be a trap—although market sentiment is subdued, I personally still lean towards bullishness.

The biggest test at this point is the resolve of experienced traders.

From a technical perspective, with RSI at 37.9 near oversold levels, the probability of a rebound is quite high. Looking at the trend, although it’s currently undergoing a retracement and consolidation, the overall structure has not been completely broken. The key support is at $468.80; as long as this holds, the chances of a rebound are quite significant.

My approach is this: I will closely monitor the current position. If ZEC can break through $492.97, I will consider tentatively adding to my position—breaking this level indicates that a short-term upward trend may be coming. Conversely, if it falls below the support at $468.80, I will cut losses immediately and not fight the market makers. Risk control is always the top priority, and this must be kept in mind.

The recent market movements are indeed a bit frustrating, but as seasoned traders, we need patience and wait for opportunities to appear on their own. Don’t be scared by volatility; stay calm when you should, and act when the time is right. Sometimes, the biggest test isn’t technical analysis but mental resilience.

Key price levels summarized:
• Support: $468.80
• Resistance: $497.80
• Short-term breakout level: $492.97

I hope this sharing is helpful to everyone. Feel free to discuss together and seize this opportunity.