ZEC's wave theory technical analysis shows that switching between long and short positions isn't that complicated. Based on recent movements, let's look at some key points:

**Short position strategy**: Short positions in the 694-708 range, whether short-term or long-term, should consider taking profits and closing below 320. If a rebound reaches around 460-470, partial take-profit can be executed at 390-400. If it continues to rise to the 519-xxx range, remaining short positions can be gradually closed.

**Bullish bottom-fishing opportunities**: Around 300 is a good rebound starting point; aggressive spot traders can start positioning at 305. Above 403.46 is another entry point, which is the so-called dual-sided eating—being able to short the rebound highs and bottom-fish the lows.

**Practical movement validation**: Today indeed reached 519, and previous rebound targets were mostly hit, with some short positions also being closed. The wave theory framework analyzed on Monday has been fully validated in this round of market movement. There is still room for further rise, and now is the time to look for opportunities to catch the dips.