The recent trend of ZEC is quite interesting. As of December 1st at 0:30 AM, the Spot price is hovering around 444.4. From the market data, it seems that the short positions are serious this time.

The technical indicators are quite clear: the candlestick chart has just produced a bearish engulfing pattern, the moving averages have completed a short positions arrangement, and a death cross has also appeared. These signals combined create significant downward pressure. The key point is that the price is currently testing the strong support level at 424.82. If it breaks below this level, it may trigger a chain reaction.

The daily level has been continuously closing in the red, and the 2-hour cycle is oscillating weakly, with the MACD histogram showing that the bears are in control. The short, medium, and long-term EMAs are all trending downwards, and in this situation, I really do not recommend trying to catch a falling knife.

In terms of operational ideas, I personally tend to take short positions in line with the trend. For specific levels of reference: If you want to go long, you can wait to test around 435, and consider adding to your position at 430, but be sure to set a stop loss at 425 and aim for 450. On the short side, 450 is a good entry point, you can add to your position at 455, set a stop loss at 460, and target a return to 435.

Of course, this is just a personal judgment based on the current market data. The market changes rapidly, and everyone should still operate based on their own risk tolerance.