Late-night market activity, friends who are watching the charts have all seen it—the performance of ZEC has indeed been quite fierce this time.
The latest price has reached around $518.040000. From a technical perspective, the RSI has already surged to 88.4. What does this number tell us? Short-term buying pressure is very strong, but it also means that overbought risks are accumulating. It's like feeling too full after a big meal; a digestion process is needed next.
From the support and resistance perspective, the support below is at $502.500000, and the resistance above is at $533.580000. The key point in the middle is at $528.400000. This breakout level is very important—once ZEC stabilizes here, the space for subsequent energy release will open up, potentially leading to a more substantial market move. Conversely, if it pulls back to test support, that also provides a better entry opportunity.
In terms of trading strategy, placing small orders around $528.400000 is a safer approach. If there's a real breakout, consider adding positions; if not, wait patiently. After all, the crypto market changes rapidly, and managing your position size is the key to long-term survival. Sweaty palms aside, staying clear-headed is essential.
Markets are fluctuating, and the body is also under stress. To all friends watching the market late at night, just keep an eye on two more candlesticks and then get some rest.
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ApeWithAPlan
· 7h ago
Alright, RSI is almost at 90, which shows everyone is a bit crazy. But I have to hold this key level at 528. If it breaks through, I'll add; if not, I'll wait. It's that simple.
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GasFeeCryer
· 7h ago
I'm quite nervous seeing the 88.4 RSI; this wave of ZEC is a bit too crazy.
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zkProofGremlin
· 7h ago
RSI 88.4, this really feels like a sign of trouble, my friend got trapped just like this yesterday.
ZEC at this level is indeed uncomfortable, not sure whether to continue pushing or to pull back.
Staying up late to monitor the market really hurts the body, but I just can't stop, haha.
Let's wait for the 528 level, I feel we'll see the outcome in the next couple of days.
Wow, the overbought condition is so serious, I'm still hesitating whether to short a bit.
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MetaverseHermit
· 8h ago
RSI 88.4, still want to chase? I don't have that courage, or should I wait for a pullback to talk about it?
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DuckFluff
· 8h ago
RSI88.4, this is really a sign of trouble. I advise everyone not to be too greedy.
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CompoundPersonality
· 8h ago
88.4 RSI, huh? That's definitely getting a bit hot to handle. Time to digest after a good meal, right?
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GasSavingMaster
· 8h ago
An RSI of 88.4 still looks a bit fierce, but I actually don't put much trust in these numbers. It feels like every time they say it's overbought, it still manages to go up.
Late-night market activity, friends who are watching the charts have all seen it—the performance of ZEC has indeed been quite fierce this time.
The latest price has reached around $518.040000. From a technical perspective, the RSI has already surged to 88.4. What does this number tell us? Short-term buying pressure is very strong, but it also means that overbought risks are accumulating. It's like feeling too full after a big meal; a digestion process is needed next.
From the support and resistance perspective, the support below is at $502.500000, and the resistance above is at $533.580000. The key point in the middle is at $528.400000. This breakout level is very important—once ZEC stabilizes here, the space for subsequent energy release will open up, potentially leading to a more substantial market move. Conversely, if it pulls back to test support, that also provides a better entry opportunity.
In terms of trading strategy, placing small orders around $528.400000 is a safer approach. If there's a real breakout, consider adding positions; if not, wait patiently. After all, the crypto market changes rapidly, and managing your position size is the key to long-term survival. Sweaty palms aside, staying clear-headed is essential.
Markets are fluctuating, and the body is also under stress. To all friends watching the market late at night, just keep an eye on two more candlesticks and then get some rest.