ZEC's recent downward trend has indeed been fierce. Dropping from 512 to 396 in one go, a decline of over 110 points, the momentum is quite strong. This kind of dumping method looks rough, but a careful look at the chart reveals some peculiarities.

Previously, those repeated provocative injections were clearly testing selling pressure—main players probing frequently to gauge market willingness to buy. This doesn't seem like a simple decline; it looks more like the final clearing out. In terms of magnitude, a 17% drop is considered violent, but combined with decreasing volume and a rebound, it actually signals that large orders are almost fully filled.

From the strong rally at the 412 level, this could be the end of the trap to shake out the shorts. If it continues upward back to around 500, the cost will be quite high—roughly a 20% increase in expenses. The current position is quite awkward; hesitating further will only make the cost of catching the bag more expensive. Once the price starts to rebound and approaches the previous high, those chasing the rally will easily find themselves trapped in high-position buy-ins.